NQ spent the whole afternoon inside a lower trading rage between 2755-2780 On Tuesday, closing in the middle of the day range.
Key level For Wednesday is 2780.
-- Above 2780 is bullish, and could trigger short-covering with rally potential, with first resistance at 2810.
-- Selling pressure will resume below 2780, with first support at 2755. A sustained break below 2755 could trigger another round of selling algorithm, with next support at 2730--2740
Events in Cyprus should continue to influence the financial market on Wednesday.
