NQ broke above October 2018 swing high on Tuesday and triggered some stop-loss congregative just above October high thus triggered a breakout trending up day on Tuesday.
This type of day is normally followed by a consolidation day. However should more shorts decides to cover right away on Wednesday we could see another trending up day on Wednesday.
Key price level to watch on Wednesday will be 7830.
-- If NQ can stay above 7830 on Wednesday we could see another trending up day.
-- Should NQ trade back below 7830 we could see a sideways, narrow range, consolidation type of day.
