A sideways consolidation pattern for NQ on Tuesday following a big all day rally on Monday. Equity futures market has sold off hard following Iran retaliatory strikes against American bases in Iraq.
The Fed and the PPT is going to pump maximum liquidity into the financial market overnight to prevent sock market crashes. They may be successful in the short term but they are planting seeds for a bigger crash in not so distance futures when they have to drain the liquidity back.
Key inflection price level for NQ on Wednesday will be 8850. NQ should stabilize if they are able to push the stock market up to above 8850 by the open. However, selling could get out of control if they are not able to keep NQ above 8850
