NQ simply traded sideways in a very narrow range on Tuesday as investors continue to download their growth stocks, (Nasdaq stocks) in favour of large cap stocks (the Dow and S&P 500 stocks) ahead of a major trend reversal, typical price action at major market top.
On the short term intraday timeframe, NQ support going into Wednesday trading session will be 5990.
-- As long as NQ remains above 5990 on Wednesday NQ may simply trade either sideways again, or rally.
-- Breaking below 5990 is likely to trigger a round of selling. If so, the next support is at 5960
Forensic Analysis of Fed Action on Silver Price
2 years ago
