A down-trending day on Monday, closed at the low of the day, 2785 prior swing high now support. A stronger support level is 2780. It would need a strong selling pressure to clearly break below 2780. However, should 2780 support fail to reverse the downtrend, the next support level is 2765 then 2743.
Key Level For NQ on Tuesday is 2780 support.
-- Below 2780 implies the downtrend is still in progress, next target is 2765 then 2743.
-- Above 2780 implies it is going into consolidation or trend reversal up, with the first target 2800-2805, then if that level is broken, the next upside target is 2820.
FT Pivot Levels
R1 = 2811
FTP = 2797.75
S1 = 2771.75
