The equity market was engineered to open higher on Tuesday ahead of the Fed Chairman testimony before the house banking committee.
However, the morning uptrend was reversed by heavy selling, and close near the low of the day.For NQ the day low was at key intraday support level. the 200-moving average on the 5-minute chart.
For Wednesday the key inflection price level is at 9560, but we could see sideways consolidation pattern on Wednesday, with NQ trading between supports 9480 and 9450, and Resistance at 9560 and 9600
