On Monday NQ open below 7300 key support price level, its 20-day moving average on the daily chart, triggering algos selling that tanked NQ down to the next key support price level on the daily chart, the 50-day moving average at 7200 price zone for NQ.
On Tuesday 7300 will be key line in the sand for NQ
-- Trading above 7200 should keep selling at bay. If so NQ may rally or just trade sideways, with major resistance at 7300.
-- Trading below 7200 has the potential to trigger another rounds of algos selling, and the next potential support is at 7000 price zone
