Massive buy program triggered right at the open pushed NQ into a new higher high but it failed to attract enough new buyers to keep the rally going as sellers sold the stock market hard ahead of potential heavy profit-taking selloff that could occur at anytime in the new year. NQ closed the day closer to the day low than the day high.
Key support for NQ on Wednesday will be 4945.
-- As long as NQ could stay above 4945 on Wednesday, selling should remain under control.
-- Should NQ breaks below 4945 it could trigger more selling. If so, the next support is at 4920.
