Another slow narrow range and choppy up day on Tuesday with NQ barely making it to higher high. With no more buyers left to buy except the Fed and no sellers as everyone is bullish, the stock market is going to continue to chop higher until the majority of market participants realize that the Fed will not be able to hike interest rate in December as promised because the economy is really weak.
Then when the Fed failed to deliver the rate hike as expected, then everyone is going rush to the crowded exit, and the market is going to reverse violently
Short term support price level for NQ on Wednesday will be 6110.
-- NQ is likely to make a new higher high as long as 6110 support does not get clearly violated.
-- Breaking below 6110 could trigger some selling. .
