A bearish sideways consolidation trading action and pattern for NQ on Wednesday, setting up for a big down day once consolidation has ended. The downtrend may resume either on Thursday or Friday.
The daily time-frame is bearish, and the 60-minute time-frame is also bearish. However, NQ could continue to consolidate or even rally for the next several day before tanking back down again.
On the short term intraday time-frame, key inflection price level for NQ is at 14,800, bullish above it with key resistance at 14,900, and bearish below ir.
