A very narrow and choppy trading action for NQ on Tuesday following a very large trend down day on Monday.
With NQ remaining below broken support, 18,100 for the second day in a row, there is a good chance that the longs would bail out of their long position on Thursday and cause a very large trend down day again. To do so any rally has to stay below 18,100.
Technical pattern on both the 5-minute chart and the 60-minute chart is not projecting a trend day, that is as long as NQ can stay above Tuesday low, 17,820. However, a sustained break could tank NQ with the next support at 17,370.
