Trade Guideline for Tuesday (NQ)

Monday was a reversal day on a daily chart. If there is a follow-through to the downside on Tuesday NQ should break below Monday's swing low down to one of the support levels, before reversing back up (as long as it is not an open-drive down).


I will use 2404 as key Support/Resistance level for Tuesday.

• Below 2404 I will look for NQ to break below Monday's low, down to 2380 area. If market internals gets really bearish, the next support below 2380 is 2360.
• Above 2404, I will look for NQ to rally up to 2420.