Nasdaq opened gap-down to near 2550 support level mentioned numerous time in my previous post, then promptly reversed up to close the gap before pulling back down to re-test last Friday's swing low. It then rallied back up to FT pivot.
Failure to break above the pivot resulted in a pullback down to re-test morning swing low, cling at .786 area.
Key Level for Wednesday is 2550 support.
-- Above 2550 would result in consolidation, resistances are 2570, 2585, 2595
-- Below 2550 could trigger another rounds of liquidation decline, with next support at 2500.
