-- NQ daily trend = Up
-- NQ 60-minute trend = Up
-- NQ 5-minute trend = Up
NQ traded sideways in a very narrow range on Tuesday, but exploded into the close, setting up a rally day on Wednesday. Thus, as long as there is no negative new overnight, we should have a rally day on Wednesday.
Key price level for NQ on Wednesday is 7890.
-- If NQ should trade above 7890 on Wednesday we should see a sharp rally as shorts are forced to cover.
-- Negative news that cause NQ to open or trade below 7890 could cause some selling
