NQ opened with a large gap-up above breakout price level, and then trend up on Tuesday morning before spending the rest of the day trading sideways in a very narrow trading range, setting up for another leg up on Wednesday or a pullback down move to support on Wednesday, depending on where it opens in relation to key intraday support price level.
Key intraday support for NQ on Wednesday will be 7015.
-- If NQ should open and stay above 7015 on Wednesday we could see a quick rally to resistance zone, which should starts at around 7070 and up to 7100
-- Should NQ opened below 7015 however, we could see a quick drop down to support which is at 6955 where it should bounce back up, unless of course the market gets very bearish.
With President Trump's trade negotiators now in China we could see the PPT becoming very active at night tonight pushing the futures market up just to make Trump looks good.
