A huge gap-up opening for NQ on Tuesday failed to attract much buying interest. After the initial short-covering spike soon after the open NQ then traded down all day long, a bearish day, with the open near the day high and the close near the low of the day.
Key intraday inflection price level for NQ on Wednesday will be 7360.
-- Trading back below 7360 is bearish, support remains at 7240
-- Bullish above 7360, but with NQ in deep overbought territory, the potential next resistance is again at 7400, then 7480
