For the second say in a row the market trend down in the morning and then spent the rest of the day trading sideways, forming another bear flag. If so, look for another downtrend on Thursday.
Key Price level For Thursday is 3335.
-- A clear break below 3335 implies the sideways pattern is a bear flag, with 3300 as the next downside target.
-- Above 3335 is an indication NQ is still in consolidation mode, resistance is at 3350.
-- A clear break above 3350 negates bear flag pattern. If so, the upside target is Tuesday's swing high.
