A narrow range sideways trading action for NQ on Tuesday, the second consolidation day following day or large selloff days.
Overnight NQ had sold-off more than 150 points, an indication NQ is ready to trend again on Wednesday, breaking below its 50-DMA on the daily chart, with the next downside target at 19,240 technical support from previous swing high in May 23rd.
And if that support is violated, the next lower technical support is at 18,800-19,000 technical support from previous swing high in February and March 2024.
Key intraday support is at 19,630.
Above it, NQ will remains in consolidation sideways mode.
Below it, NQ is in trend mode down
Negative TESLA earning is bearish on the market.
