NQ Daily Trend = UP = Overbought condition
NQ 60-minute Trend = UP
NQ 5-minute Trend = DOWN
On the 5-minute timeframe, on Tuesday, NQ trended down in the morning, then traded sideways in the afternoon, looks set to take another leg down on Wednesday. If so the next downside support is May swing high at 7895 area. For the next down leg to develop NQ should open and trade below 7960 on Wednesday
Should NQ, instead, opens above 7960, we could see another rally day, likely to be choppy.
