On Monday, a large gap-down opening was immediately bought triggering a short-covering rally that pushed NQ back into the prior established trading range 3200 - 3240.
For Tuesday it should continue to stay inside the range, with either a morning rally up to resistance or a gap-up open into resistance, before dropping back down to the middle of the range, unless of course the government shutdown can cause it to get out of the range.
For Tuesday key level to watch for is 3220 mid-point of the trading range.
-- Above 3220 is an indication NQ is going up to the 3240 resistance zone before pulling back down towards 3220 area.
-- Below 3220 implies it is going back down to 3200 support.
Keep in mind that the US government shutdown can have a major unexpected impact on the markets as the algo traders are going to be active.
