NQ trend down in the morning on Tuesday then reversed back up in the afternoon retracing some of the morning decline. However, the close was still below resistance, now at 15,020, Wednesday line-in-the-sand.
15,020 will be a very important price level for NQ on Wednesday. If NQ is not able to break above it and stay above it on Wednesday, the longer-term algos may starts their longs and reverse shorts or forced to reverse short, then we are going to see a sharp and large sell-off, with the next support at 14,670
Bullish above 15,020, with first upside target at 15,120.
The fall of Afghanistan is very negative for the financial markets. If confirms the rise of China and the decline of American power and influence around the world.
