After a large down day on Monday, Tuesday was a narrow-range consolidation day, a setup for a breakout move, either up or down, possibly on Wednesday. The breakout direction (if it breakout) would depend on where it trades on Wednesday.
Key price inflection level for NQ on Wednesday is 4305
-- Bullish above 4305, and it needs a clear and sustained break above 4315 to trigger algo buy programs, resistances are 4330 and 4350.
-- Bearish below 4305, key support is 4285. A clear break below should trigger another round of algo sell programs , supports are 4250 and 4225..
