The equity market opened with a large gap-down on Monday, triggered algo buy programs that quickly pushed NQ up into near gap-close before reversing back down to re-test the opening low at the close.
The Dow, S&P and NQ futures all closed at or near key support - which can trigger a large rally or tank hard, likely in the morning.
NQ key support = 3205
ES key support = 1664
YM key support = 14,850
--- Holding above key support could attract algo buy programs pushing the markets higher.
--- Breaking below key support could cause a fast drop down to the next support level, 3180-3185 for NQ, 1650 for ES, 14600-14650 for YM
As long as there is still no agreement on the debt ceiling look for the Fed to come in to buy any market decline.
