A big opening gap-down and trend down day for NQ on Monday. There was a small profit-taking rally at the end of the day.
With NQ in extreme oversold zone on the daily, 60-minute and 5-minute time frame, is there a brief consolidation day coming before tanking again? we just have to watch price levels. The next major support is between 18,500-18,700 price zone.
On the intraday time frame, key inflection price level is at 19,500, bullish above, with the next higher resistance at 19,900-20,000, and continue bearish below it.
