NQ opened below key inflection price level of 4475 on Tuesday and then sold off all day breaking below key support 4437 on its way down to 4400 whole number support.
With NQ now back to just above prior swing low the stage is set of either a bounce in the morning on Wednesday or a sell-off. It will depends on where it trades on Wednesday morning.
Key price level for NQ on Wednesday will be 4000 support.
-- Staying above 4400 is likely to trigger some profit-taking rally, up to resistance 4425 or to 4437 before crashing below 4400 support.
-- Trading below 4400 is likely to trigger another round of algo sell programs, supports are at 4350 then 4300.
