Monday was a bearish day in the market. The selling has continued into the overnight trading , with NQ dropping over 200 points lower from Monday's close.
Bitcoin and precious metals are all bearish overnight, setting up for a big gap-ddown open and liquidation decline.
On the daily and weekly chart NQ looks bearish and looks ready to tank down to the enxt strong support level, 24,000.
There's a liquidity problem in the financial market, if the Fwd and the US Treasury does not come in with a big liquidity injection, we could see a big sell-off day.
If the Fed and the Treasury intervene in the market, we could see a fast snap-back rally like the one on Friday
Key price level to watch on Tuesday will be at 24,700, bearish below, next support is 24,000, bullish above, with the next strong resistance at 25,400
