Market opened with a gap-up on Monday after the unofficial announcement of QE4, but was short-lived as NQ reversed back down to closed near the low of the day, on a negative momentum into the close. It would have to trade above 2800 to regain bullish momentum
Key Level For Tuesday is 2800.
-- Continuing bearishness below 2800, with key support at 2772. Next support below is September 26 swing low. A clear and sustained break below could lead to a liquidation decline.
-- Bullish bias above 2800 with key resistance at 2825. next resistance above is 2853.
