Tuesday was the third consecutive consolidation day following a large down-day on Thursday last week.
NQ had a lower high and a lower low on on Tuesday, a bearish configuration, likely setting up a resumption of a downtrend, a high probability on Wednesday.
If so, NQ should stay below 20,600 key intra-day inflection price level for Wednesday, and push lower.
Strong support zone resides in the ares around 20,270-20,370 price zone, support coming from prior swing high and 20-dma on the daily chart.
A break below would cause massive selling activities, with the next strong support at 19,700
