A choppy pullback down day for NQ on Monday with a close right at key support-resistance price level at 4300, setting up a rally or another down day on Tuesday, and that will depends on where NQ trades in relation of 4300 price level.
The 60-minute timeframe is setting up for a sharp decline. However, the daily timeframe is still in a very bullish mode.
Key support for NQ on Tuesday will be 4270.
-- Trading below 4270 has the potential to trigger massive algo sell programs.
-- Staying above 4270 is going to going to keep short-sellers subdued.
