Following an extreme bearish down-day on Monday NQ went into a consolidation mode on Tuesday, trading sideways, a setup for a sharp selloff and it could happens on Wednesday. NQ would need to stay above 4400 price level to avoid sharp sell-off.
Key inflection price level for NQ on Wednesday will be 4400.
-- Trading above 4400 would imply that NQ is in a neutral to bullish mode, with resistances at 4420, 4440, and 4460.
-- Trading below 4400 will keep NQ in a bearish mode but NQ would need to break and stay below 4370 to trigger heavy selling.
