NQ traded sideways on Tuesday starting off with a huge gap-up and trend up in the morning, that was then followed by a sharp reversal back down to close the gap.
After the gap-close NQ traded sideways the whole afternoon setting up a bear flag pattern. The bear flag support is at 15,000. Trading below 15,000 could trigger a sell-off because a lot of trailing stop-loss for the buyers are just below Tuesday low, with first support at 15,380, then 15,300.
If NQ should trade above 15,580 anmd pushes higher, we could see another round of short-covering rally,target is above 15,700.
