Another day of narrow-range sideways consolidation on Tuesday as NQ continued to trade above key support level of 2690. It should continue to trade sideways as long as it stays between 2725 resistance and and 2690 support.
Key Level For Wednesday is 2725.
-- As long as it can stay below 2725 NQ should continue to trade sideways unless it can clearly breaks below 2690.
-- A clear and sustained break above 2725 could trigger a wide-range short-covering rally with first target at 2747 resistance.
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