With the Fed the only main buyers of stocks, unless they are willing to commit massive capital to keep the stock market elevated insiders selling could starts to overwhelm buying and push the market back down.
On Tuesday NQ traded sideways all day in a very narrow range after making a brief higher high in early trading.
Short term key support for NQ on Wednesday will be 6305.
-- Breaking below 6305 implies a likely a larger drop to the next support level which now sits at 6275
-- Trading above 6305 is an indication another higher high is likely before selling come back in.
