NQ was clearly in a pullback-down mode on Monday, a strong selloff in the morning followed by a choppy rally for the rest of the day, clearly still a counter-trend up-move that should be followed by another sell-off, that is, as long as NQ rally remains below Monday's high and remains choppy.
Key inflection price level for NQ on Tuesday will be 4675.
-- As long as NQ remains below 4675 there is a high possibility another sharp selloff down moev is coming.
-- Breaking back above 4675 would relieve some selling pressure, and has the potential to trigger a short-covering rally.
