A consolidation / inside day for NQ on Tuesday, but ES broke down to lower low below Monday's swing low before rallying back into Monday's trading range.
Whether or not the market would need another pullback-up day on Wednesday would depends on where it trades in relation to Tuesday's swing low.
Key inflection price level on Wednesday is 3520 for NQ and 1844 for ES.
-- Above inflection price level the market is going higher, but it would need to break above Monday's swing high to trigger short-covering rally.
-- Bearish below inflection price level, but it would need to clearly break below Tuesday's swing low to trigger momentum sell algorithm.
