On Monday NQ opened with a huge gap-down then after quickly dropping down to support, simply trade sideways into the close, setting up for another gap-down open that may cause a trending-down day.
Key price level to watch for on Tuesday will; be at 12,000 resistance, and 11,850 and 11,750 support.
Trading above 12,000 may cause enogh short-covering to cause NQ to rally to break above 12,200 swing high.
Trading below 11,850 is bearish with the next key support at 11,750. NQ would need to break below 11,750 to cause a trending-down day.
