Tuesday was a one directional bearish trend day with a close near the day low. The last 2 pullbacks were 120 points and 100 points for NQ.
- 100 points decline would target 2300 area, and
- 120 points pullback would target 2280 area.
For Wednesday, my Line-in-the-Sand is 2320.
- Above 2320, I will be looking for the market to retrace Tuesday's trend targeting 2340-2345.
- Above 2345, next target up is a test of Tuesday's high.
- Below 2320, I will be looking for price to continue down to 2295-2300.
- Below 2295, next target down is 2285