A large opening gap-up for NQ on Tuesday but short-covering and buying was overwhelmed by sellers at 6800 resistance. NQ then dropped down to 6660 support before profit-taking and support buying rallied NQ into the middle of Tuesday trading range by the close.
Key price level for NQ going into Wednesday will be 6660 support and 6800 resistance.
-- Staying inside the range implies choppy sideways trading price action.
-- Breaking out of the range could trigger a trending move in the direction of the break.
Breakout trade possibilities
