A sideways consolidation pattern for NQ on Tuesday following a large up-trending reversal day on Monday. With a very stronmg reversal up day on Monday and a pause oon Tuesday we shoould see NQ rallying up again on Wednesday.
Key resistance to break to cause an uptrend on Wednesday is at 19,600. A break should catapult NQ quickly to the next resistance at 20,000.
Failure to break above 20,600 could attract selling. NQ would need to break below 19,200 to trigger a liquidation decline.
Trup tariff on Wednesday will be key market-moving news.
