Another down day for NQ on Monday, the 5th consecutive down day, a clear indication of heavy selling as many many buyers may be forced to exit their position.
NQ has continue to sell-off in overnight trading. Unless there is some news that can negate the overnight selling, we could see another sharp down day on Tuesday, with the next NQ support t at 10,950.
If that support does not stop the selling, NQ may have to drop below the low in October before we could see a pullback.
With so many anticipating the Santa Clause rally, we could instead, see the end of the year market meltdown.
Intraday inflection price level for NQ on Tuesday will be at 11,190.
