NQ has been stuck between 3355-3360 support and 3390-3395 resistance for the last two weeks. The market is fairly overbought at the current level on the daily chart, so there is not many buyers left to buy that can cause the market to rocket back up in a trending mode unless short-sellers are forced to cover, without which, NQ may continue to stay inside the range.
It would require a clear and sustained break out of the range, above 3395 and below 3355, to cause a trending move in the direction of the break.
Inflection price level for Wednesday is 3375, with resistance at 3390-3395, and support at 3355-3360.
