A choppy but bearish day for NQ on Monday. Now that NQ has close in oversold zone on the 5-minute chart, we could see a gap-down open and then run down right as buyers get liquidated, or an open with a huge gap-down into deep oversold, then bounce immediately and rally back up to 200-ma on the 5-minute chart.
Either way we could see large moves on Tuesday. The impact of Chinese real estate debt default will influence trend movements on Tuesday.
Key LIS for Tuesday will be 14,760, bullish above, bearish below it.
