On Tuesday NQ again rally in the morning but its inability to break clear above key resistance attracted short-sellers. Selling continued in the afternoon and into the close.
The direction of Wednesday's trend will depends on where NQ would trade in relation to 4430 key support.Keep in mind that NQ 60-minute trend is down
-- Staying above 4430 could attract some buyer, pushing NQ back up to 4460- key resistance.
-- Breaking clear below 4430 support could trigger another round of algo sell programs. The next support is 4410 then 4400.
