On Tuesday after opening above 5335 support and trading above 5335 support in the morning but unable to gain any upside traction NQ eventually broke below 5335 support and remained below 5335 support for the rest of the day.
NQ has remained inside a trading range between 5310 support and 5360 resistance for the last six trading day, setting up for the next breakout, up or down.
Inflection price level for NQ on Wednesday remains at 5335, with resistance at 536- and support at 5310.
-- Trading below 5335 is bearish for NQ, unless NQ can break back above 5335 it could start to attract selling.
-- Breaking back above 5335 should keep sellers at bay. NQ may try to break above recent high before profit-taking selling come back in.
All eyes on President Trump on Tuesday night as he appeared before joint session of congress for the first time, just to hear what he has to say.
