With global stock markets selling off after the downing of the Russian Jet fighter the Fed went nuts with buy programs, pushing the market back up, NQ closed just below key price inflection level, 4675.
4675 will become key inflection price level for Wednesday's trading session.
-- Breaking back above 4675 is likely to trigger short-covering rally targeting a break above the recent swing high 4707.
-- Failure to break back above 4675 is likely to attract selling, but as long as it can stay above Tuesday's swing low, NQ is likely to remain choppy.
