A sideways consolidation day for NQ on Tuesday following a trending-up day on Monday. It seems that all we have been getting is a one-day consolidation in between trending day during the current uptrend, perhaps because so many went short after the sharp sell-off.
NQ is still below some resistance, the final resistance, 19,940, if clearly broken could rocket NQ up sharply, with the next resistance at 20,370.
On the intraday time-frame, key support for NQ on Wednesday is 19,740, with key inflection price level at 19,820, bullish above it, bearish below it.
With Iran not expect to strike Israel, we could see massive relief rally ahead, especially if there is a 2 to 3 days pullback before resuming the uptrend.
