A sideways consolidation day on Monday following a large down day on Friday..On Tuesday we could see three scenarios that could happen.
If NQ stays above key support 25,000, we could see another sideways choppy trading action, or an oversold rally,
A break below 25,000 price level could cause a cascade of selling, with the next support at 24,000. It is possible to get to 24,000 in one or two days.
Santa Clause Rally is still holding this market up, but against strong selling pressure, will it hold? We shall see.
