On Tuesday after rallying up into intraday resistance, NQ then trend down to support before reversing and rallying up into the close.
On Wednesday key intraday line-in-the-sand for NQ will again be at 12,940, and the trend could go either way, depending on where NQ would trade in relation to 12,940 line-in-the-sand.
Above 12,940 is bullish and below is bearish. Ahead of Joe Biden stimulus announcement on Thursday it is possible the market could trend on Wednesday in anticipation of the announcement.
