Another narrow-range sideways price action for NQ on Wednesday as the Fed buy programs continues to battle the market forces of deflation.
The equity market would need large selloff to trap the short-seller before the uptrend can get a new burst of momentum. Until then, the uptrend is likely to continue to rally in a choppy narrow-range pattern.
On the short term timeframe inflection price level is at 4540. However, without much buying power left the market could continue to chop around.
