Dragged down by Walmart disappointing earning report, the Dow and S&P 500 dropped down from resistance on Tuesday while NQ remained above support.
The Dow and the S&P 500 needs to clearly break above resistance very soon if they are going to keep heavy selling away as failure to do so is likely to attract heavy selling pressure that can tank the stock market back down to its recent low.
As for NQ, as long a it remains above support, now at 6600, selling should remains under control, particularly if the Fed buying algorithm continues to target the Apple stock.
