A huge gap-down opened on Tuesday turned into a trending-down day. With debt ceiling deadline approaching and a rush into war as a diversion tactics, the sell-off should continue, with or without a consolidation day, unless of course the Fed is willing to spend massive amount of money to support the market.
Key Level For Wednesday is 3067 in NQ
-- Below 3067 the sell-off should continue in the morning with supports at 3050, 3025 and 3000.
-- Holding above 3067 implies it is going into consolidation, with resistance at 3085 (Point-of-Control) and 3100 ( upper trading range = resistance)
