On Tuesday NQ opened and then promptly rallied up to resistance. When it failed to break above resistance sellers rushed in to sell, quickly tanking NQ down to support.
After the lunch pullback NQ broke to lower low but was agressively bought, triggering a rally back up to FT pivot.
As can be seen very clearly on the 60-minute chart, the pattern is set for a fast trending move to the upside capable of breaking through 3915 resistance level, targeting 3930-3950 resistance zone.
However, failure to breakout above 3915 should trigger another rounds of selling, this time it may be able to break below 3985 support, down to 3960 or 3940.
Key inflection price level for Wednesday is 3895.
-- Bullish above
-- Bearish below.
