On Tuesday NQ opened with a huge gap-down below prior day low. After the initial brief rally NQ sold off hard to a lower low before profit-taking and PPT intervention managed to rally NQ higher.
Sellers came back in the afternoon. NQ trend down in the afternoon, with a close in the middle of its trading range, setting up a rally on Wednesday or another liquidation day, depending on where it trades at the open.
Key inflection price level for NQ on Wednesday will be 6550
-- NQ may rally or trade sideways above 6550, next resistance is at 6640
-- NQ is bearish below 6550, could go into free-fall, but potential supports are at 6400 then 5260
