NQ traded sideways above Monday swing high, and without any new buyers left to buy, except the Fed buying algorithm, the slow and choppy price action is likely to continue until NQ makes a new higher high and insiders selling comes in to whack the market back down.
It is going to take several more months before the buying algorithm could get overwhelmed by deflationary selling, until then, they are going to continue to pump and then rinse, again and again.
Key NQ support for Wednesday will be 5690.
-- As long as NQ pullback can stay above 5690 another higher high is to be expected.
