A slow choppy rally for NQ on Tuesday. With no buyers, and very overbought condition on the daily chart, It took forever to rally about 40 points or so from the low in the morning.
Without a decant pullback down move we could continue to see a very slow choppy narrow range rally again on Wednesday.
Key inflection price level for NQ on Wednesday will be 7515.
-- If NQ continue to trade above 7515 on Wednesday we could see a slow choppy rally, unless it could clearly break above double-top resistance from March 21 high and trigger a short-covering,
-- A break above March 21 high could cause a sharp reversal if profit-taking above March 21 high get heavy.
Trading back below 7515 is bearish, implies pullback-down move is likely, with first support at 7480
