NQ opened and promptly sold off hard on Monday, resulting in another large down day in the market. With strong support not until 4100 there are still rooms for NQ to drop further down, whether or not it will happen on Tuesday only time will tell, but crude oil price will have a big influence on market direction.
Key price level to watch for on Tuesday is 4145
-- Staying above 4145 is an indication NQ is either going to trade sideways or rally.
-- Breaking below 4145 is likely to trigger another round of algo sell programs, next major support is 4100 area.
