Another slow choppy very narrow-range low volume up day for NQ on Tuesday because without a decent pullback down there is no new buyers to buy and no short-sellers to cover to cause a strong upmove, as the only buyer in town is the Fed HFT machine programmed to keep the market up into the long labour day weekend.
Absent any big sellers the market may continue to chop higher into the weekend.
Key inflection price level for NQ on Wednesday is 4070.
-- Bullish bias above 4070 with the next target up is a break above Monday's swing high, next whole number resistance is 4100.
-- Below 3970 it may drop down to the next support zone 4060 the 4050.
