On Tuesday NQ continued to trade inside a range, not able to break above key resistance, 17,800. As long as it trades inside the range 17,500 support and 17,800 resistance, a 300-point trading range, it should continue to trade sideways.
Key intraday level for NQ on Wednesday will be at 17,675, bullish above, with key resistance at 17,800, and bearish below, support at 17,500.
If overnight is an indication of trend, we should see NQ open below 17,650 and then trend ddown to 17,500 on Wednesday. The second support level is 17,400. If 17,400 is broken decisively, the next support is back down to 17,150, a very strong support.
