On Monday, NQ opened above broken resistance but failed to stay above, implies it was going to drop back down towards support around 2775-2780, which it did, bouncing off just above support for end of day profit-taking activities, stopping right at key inflection point 2792.
On Tuesday, Key Line-in-the-Sand POC is 2792.
-- Staying below 2792 implies further decline, with the next support is at 2775. Failure to rally from 2775 is a clear indication that it is going to drop down further to the next support level which is at 2755 area.
-- Trading above 2792 implies NQ is trying to re-test 2810 resistance again. Whether or not is is going to re-break above 2810 and then rally further to 2830, only time will tell.
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