With the Fed Chairman scheduled to testify before congress on Tuesday they are certainly not going to let bad earnings from Netflix spoil his appearance. Thus they were ready to buy the market on a gap-down open. Buy programs lasted all day into the close.
As for Wednesday, with NQ now clearly above breakout price level they may not feel the need to push the market up, and they may just let the market trade sideways
NQ support for Wednesday will be 7390.
-- NQ may just trade sideways or trend up as long as it stays above 7390.
-- Sell algos will be back below 7390, with the next support at 7335
