On Monday NQ dropped back down to retest prior swing high from October 01, and bounce. It was a one way trend down day on Monday.
Key line-in-the-sand for NQ on Tuesday will be at 11,720. If NQ should trade above 11,720 we could see NQ rally all the way up to 11,850-11,900.
However, should NQ remains below 11,720 we could see NQ trading back down to test supports. There are three layers of supports just below today low of 11,600. Lower supports are 11,550, 11500 and 11470.
It would requires extreme heavy selling to crash through these support zones.. Should it breaks, the next lower supports are 11,130-11,170
