After a brief early morning pullback move down to support, NQ rallied to another higher high and then closed near the high at the end of the day.
With the end of day close right in overbought zone of the 5-minute chart, we could see a potential choppy action in the morning. However if NQ opens with a huge gap-up and triggers short-covering immediately, we could see NQ trending right away to another new high.
Key intraday line-in-the-sand for NQ on Wednesday is at 9600.
-- There are two supports on any pullback on Wednesday. First support is 9600, then the second support is 9560. NQ would need to break below 9600 to change the intraday bias from bullish to bearish.
-- If the open is above Tuesday swing high we could see a trending up day on Wednesday.
With so much civil unrest in the US, the Fed and the PPT is going to be aggressive in supporting the market.
