NQ Daily Trend = Down and in pullback-up mode.
NQ 60-minute Trend = Down and in pullback-up mode
NQ 5-minute Trend = Up as of Tuesday close
NQ was in pullback-up mode on Tuesday, an oversold bounce from the 200-day moving average on the daily chart, and after four days of very unusually strong sell-off days.
Pullbacks usually takes 3 to 4 days to complete, but the current sell-off is so strong that it is very possible for it to have just one pullback day (Tuesday was day one pullback). As such the downtrend may resume tomorrow after Tuesday's pause.
Breaking below Tuesday's low could trigger enough selling to tank NQ quickly down to its 200-dma on the daily chart, 7260.
As long as NQ can stay above Tuesday's swing low we could see continual choppy consolidation with strong resistance at 7700
Intraday inflection price level for NQ on Wednesday is 7500, bullish bias above it, bearish bias below it.
On Tuesday, President Trump labeled China a "Currency Manipulator"
