High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
NQ had a choppy sideways type of day on Tuesday. It may still want to go higher that February 2nd swing high but the choppiness of the current bounce from such an important support zone between 12,200 to 12,300 is not very convincing. As such, it is possible NQ may want to go back down to retest 12,200 support level.
Key intrday inflection price level for NQ on Wednesday will be at 12,550. Is is support at the close on Tuesday.
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