On Tuesday NQ opened where it closed on Monday, in bearish territory on the intraday 5-minute chart. Sellers came to sell NQ down to below prior day low, to support before trading sideways for the rest of the day.
Earning reports from AAPL gave some big buyers some excuse to push Apple shares price higher after the close, dragging NQ up with it..
Key intraday line-in-she-sand for NQ on Wednesday will be at 6700.
-- Overnight NQ is still trading below 6700. It has to break above 6700 to get to the bullish mode on the 5-minute chart, and trigger some intraday buying activities .
-- NQ will remain is sell mode on intraday 5-minute chart below 6700. Support is at 6600
On the daily chart, NQ is still bullish, but on the 60-minute chart and the 5-minute chart, NQ is still in a pullback down mode.
AAPL reported its earnings on Tuesday, more earning to come this week, plus the FOMC is going to announce their policy decision on Wednesday, any of those can move the market up or down.
