NQ rally that started from a fifth test of 4080-4100 area support on Monday continued into Tuesday, buoyed by another big rally in the crude oil price, after a brief early morning pullback down to support.
For Wednesday, as long as NQ can stay above 4160 support and as long as crude oil price can continue to rally, NQ should continue to rally, next resistance is 4250 then 4280
Key inflection price level for NQ on Wednesday is 4200.
-- Bullish above, indicating NQ is headign to the next resistance before consolidating
-- Trading below 4200 is an indication NQ may be going into a larger pullback-down mode, a consolidation, with key support at 4160 before rallying back up again, as long as 4160 area is not clearly violated
