A very bearish day for NQ on Friday, day two of a decline, and Monday will be day three down.. NQ has traded down over 300 points on Sunday night globex trading session and is now set to open lower on Monday.
There is a chance that a large gap-down open may get some counter-trend rally from oversold condition. However, the rally is going to get sold again unless it can rally up and stay up above 13,700 key line-in-the-sand for NQ on Monday.
Key support for NQ on Monday will be 13,500. If that support does not hold the next lower support is February 24th swing low of 13,057.
The war in Ukraine may crash the market really hard as global financial liquidity freezes due to the west sanction on Russia.
