On Monday NQ opened with a huge gap-down below strong support and as always, it trend down for the day.
With inflation reports to be released on Tuesday and expected to be very hot, the market is already trading lower after market in anticipation of a very high inflation report.
The market may open with a gap-down and then trend down for the second day in a row. Support for NQ is now at 13,680-13,780 area.
If those strong support is violated, the next lower target is the February-March low, 13,050 area.
