Another sideways trading pattern for NQ on Monday. With NQ remaining above 19,200, previous resistance now turned support, as long as NQ remains above 19,200, there is a strong possibility NQ is going to 20,500, the next resistance,
However, with the intraday time frame and the 60-minute time-fame in overbought condition we could see more consolidation on Tuesday, unless of course NQ can push higher and then trigger another round of short-covering.
Key intraday price level for NQ on Tuesday will be at 19,600, bullish above it, bearish below it.
