NQ opened with a large gap-up, and then quickly reversed back down, triggering long-covering decline, as trailing stops were hit, taking price down to 3000 support zone before rallying for the end of day profit-taking.
A decline into the close down to support, 3000, is either re-test of Tuesday's low, support, or a decline to break support, on its way down to last week Friday low.
-- As long as 3000 is not clearly violated on Wednesday, I will be looking for the market to rally back up to re-test the high.
-- A clear and sustained break below 3000 support is an indication that it is trying to re-test last week Friday low, but there are supports coming in at 2980 - 2985 that can stall the decline.
