NQ traded sideways on Wednesday just below the double-top resistance on the daily chart at 15,475, setting up a high probability breakout above 15,475 resistance.
Should the breakout occurs we should see massive short-covering and buying activities that should propel NQ higher with the first upside target at 15,800.
Should NQ failed to break above resistance we could see another sideways day with a slight bias to the downside, a pullback down day.
War in Gaza is still a potential market mover as it can affect crude oil prices.
