Another down day for NQ on Monday following a large down day on Friday. Will we get the third down day for NQ on Tuesday or a sideways consolidation day on Tuesday, only time will tell.
The day low for NQ on Monday was a slight break below the day low on the 24th of February.
If NQ should crash below 13,000 price level, and run-over massive number of stop-losses just below 13,000, we could see a quick meltdown for NQ to 12,000-12,400 support zone
If NQ could stay above 13,000, there is a chance that NQ is going into a consolidation day with strong resistance at 13,400 area
The FOMC will announce their policy decision on Wednesday.
