An exhaustion gap-reversal type of day for NQ on Tuesday. However, the reversal did not start immediately as usual until all short-covering from stop-losses that congregated above the last swing high was completed.
Once short-covering activities has ended NQ then dropped nicely down, stalled briefly at the retest of prior day high before dropping down further to lower support levels at 7390 before the end of day profit-taking bounce, setting up a potential retest of lower support if 7390 is violated, lower supports are 7317 then key and crucial 7290 support.
For Thursday 7390 support needs to hold for NQ to trade sideways or rally, as a break would triggers selling algos that can quickly drops NQ down to 7317 or 7290
