A trend-down day for NQ on Tuesday. A sharp decline in the morning and a sideways consolidation the rest of the day. By the end of the day NQ looks ready to rally back up. A such we could see NQ rally in the morning then trade sideways.
Key price level to watch on Wednesday will be at 20,375, bullish above it, with resistance at broken-support now resistance, 20,500.
Nq will be bearish below 20,375, with key support at 20,200. A break below 20,200 is an indication NQ want to go to the next support level, 19.900
