The price level I am using here is for NQ September contract. December contract is about 8.00 points lower than the September contract.
NQ opened and sold off hard all morning and into he lunch hour on Monday, stopping right down at 4020 support level before finding support and then bounce in late afternoon and into the close.
Inflection price level is around 4037. Support for NQ on Tuesday will be 4020 and resistance 4050-4055 area.
-- As long as NQ stays above 4020 support, it either rally or trades sideways. NQ needs to clearly break above 4037 to trigger algo buy programs with upside targets of 4050-4055 resistance.
-- Breaking below 4020 is going to attract another round of momentum sell algos that can tank NQ down to the next support zone 3990.
