On Monday NQ opened with a huge gap-down and then quickly and immediately dropped down to support. It then traded sideways between support and resistance all day long.
For Tuesday trading session, it is likely NQ is going to trade sideways again between support at 15,120 and resistance at 15,260..
However, if NQ should trade outside the 15,120-15,260 trading range, and stay out of the range, we could see a fast trending move away from the range.
A false breakout of the range is likely to trigger a fast reversal.
