A pullback down day for NQ on Tuesday. NQ opened below key support then traded down to lower support 5025 before rally back up to retest broken support at 5045.
Above 5000, NQ is still bullish and above breakout price level.
Key price level for NQ on Wednesday will be 5050 resistance and 5025 support.
-- A sustained break out of the 5025 - 5050 trading range will cause a trending move in the direction of the break. On a sustained break below 5025, the next lower support is at 5000, and a sustained break above 5050, the next resistance is at 5080.
-- A false breakout will cause a fast reversal move.
Ahead of Donald Trump inauguration on Friday, the market can get choppy.
