A bullish reversal day for NQ on Monday, starting with a gap-down open and then then rallied all day closing just below key intraday resistance, 21,000.
On Tuesday, if NQ could open with a gap-up above 21,000, and then able to stay above 21,000 we could see a big short-covering rally, that could propel NQ up to either 21,300 resistance and also higher to 21,600 resistance. Whether or not its needs one day to do it or needs two days, it is difficult to forecast.
Thus key inflection price level for NQ on Tuesday is 21,000, bullish above it, bearish below it.
Overnight, both the stock futures andthe crypo futures points to a bullish day on Tuesday. As long as there is no unexpected market moving new before the open, we should see a bullish Tuesday.
