Nasdaq gap-up and ran-up into 1625 resistance on Tuesday, then quickly reversed, trending down all day long, closing near the day low. For Wednesday, I will be looking for NQ to continue to trend down, unless it can trade above key level.
Key Level For NQ on Wednesday is 2585.
-> Below 2585 implies the fast downtrend is still in progress, with support at 2570 then 2560. Supports below 2560 are 2520 and 2500.
-> Above 2585 implies it is in consolidation mode, targeting 2600 (resistance)
POC = 2595.50, VAH = 2598.50, VAL = 2569.50
S&P 500 Current Snapshot
