NQ opened with a gap-up above key inflection price level 4025 on Monday but failed to trigger a rally, and instead, NQ promptly reverses and sold-off in the morning, dropping down to 3995 support before pulling back up to resistance, and close right in the middle of the range between 3995 support and 4025 resistance.
NQ is set to make a potentially large trending move on Tuesday, either up or down, depending on where it trades in relation to key support and resistance.
Key support for NQ on Tuesday is 3995, key resistance is 4025.
-- Trading above 4025 could trigger algo buy programs that could propel NQ up to 4050 and 4080.
-- Breaking below 3995 is bearish and could trigger algo sell programs that could tank NQ back down to last week Thursday swing low.
