Monday and Tuesday rally from support has not ran into strong resistance 3557, which was prior swing low from December 28, now resistance. A clear break above 3557, however, should ignite more short-covering which is likely to propel NQ up to the next resistance which is prior swing high 3595.
Failure to clearly break above 3557 is going to attract sellers, pushing the market down to supports, with the first support at 3532.
If 3532 support does not hold NQ will drop down to either 3520 or 3505. It would need a very bearish market internals to break down through 3505 support.
