On Monday NQ opened up above 5900 key support but failed to stay above 5900 as selling pushed NQ back below 5900, and then stayed below 5900 all day until the close, setting up for a bearish day for Tuesday.
NQ would need to rally back up above 5900 in order to keep sellers at bay and change the mode from bearish to bullish. If so, then NQ is likely to rally up to its first resistance at 5935.
Failure to break-back above 5900 is going to be bearish and likely to attract short sellers. If so, first support is at a double-bottom support at 5846.
