A choppy down day for NQ on Tuesday. The pattern should continue until the FOMC decision announcement at their June meeting which will be held next week.
The market has priced in a NO rate hike next week, so unless the Fed announces new QE program, the market should start to sell off that should last until the end of the year for the Santa Clause rally.
Key inflection price level for NQ on Wednesday will be 4520.
-- First support is 4500
-- First resistance is 4535
The market is in very overbought condition, as evidence by the Greed Level below, now vulnerable to sharp pullback down move.
