A large down day for NQ on Tuesday. It looks like the downtrend might have resumed and that the pullback-up move has ended. Monday was the 7th pullback-up days from the low for NQ, and it was a reversal day.
A large down day during a usually bullish preiod going into the long weekend is an indication the stock market is in deep trouble.
With NQ closing below key support, 11,750, NQ would need to trade back above 11,750 to stall liquidation selling.
Thus key inflection price level for NQ on Wednesday will be at 11,750., bearish below it and bullish above it.
