A choppy sideways day for NQ on Tuesday with a close above key inflection price level of 18,000. The technical pattern on the 5-minute chart, the 60-minute chart and the daily chart looks bullish at the close.
If the consolidation is complete we should see NQ trade above 18,000 on Wednesday and then rally with key resistances zone at 18,120-18,150. A clear break above 18,150 sets up a quick rally to 18,500 within a few days.
Trading back below 18,000 is bearish, an indication the pullback is still in progress, next lower support is 17,800.
