NQ has been in a choppy countertrend pullback-down mode on the daily chart for the last two week. Unless NQ can trade back above trend-line resistance which is currently at 4790 the down move should starts to get stronger as strong support is not until 4700, a breakout price level.
On a short-term intraday timeframe, key price inflection level for Wednesday is at 4780.
-- Selling should be under control above 4780.
-- Selling is likely to be back if NQ remains below 4780, with critical support at 4760. A clear and sustained break below 4760 could cause liquidation drop down to 4700 price level, although there is a potential support at 4745.
