After a brief rally to close the gap soon after the open on Tuesday NQ sold off again until it reached key support zone at the 20-day moving average on the daily chart.
The bounce was quite large, as NQ rallied back up to key resistance at 16,300. If NQ could rally and stay above 16,300 we could see a quick rally with the next resistance at 15,450.
Trading below 16,300 is bearish. Breaking below 20-dma on the daily chart, 15,150 could cause another round of liquidation selling,, lower support is between 15,600-15,700
