On Tuesday NQ consolidated above support in the morning then quickly rocketed upward towards resistance and then spent most of the trading session trading sideways above 15,900 resistance where it either break through above it and triggered more short-covering, or reversed abck down from it.
Key resistance for NQ on Wednesday will be 15,900 resistance, A break is likely to trigger more rally, with the next resistance at 16,150, and failure to break could push NQ back down to support at 15,670.
December 2021 CPI reports will be released at 8.30 AM EST with could drastically change the market dynamics when the cash market opens at 9.30 AM EST.
