NQ opened with a huge gap-down on Monday but then bounced off double-bottom support 21,100 then rallied back to resistance 21,500, a typical topping price action.
Key intraday price levels for NQ on Tuesday will be at 21,500 resistance and 21,300 support. A sustained break out of the rane could cause a large moves out of the range.
Upper resistance is at 21,900 and lower support is at 21,000-21,100. Price action overnight is looking bearish, an indication that 21,000 very strong support level may get broken to the downside on Tuesday.
Trunp trade war with Canada and Mexico is also very bearish for the US financial market as well. Trade war is a loss-loss proposition as nobody win a trade war, but Donald Trump does not know that.
