After NQ1! dizzying rally of Monday - Tuesday price showed a failed rally on Wednesday morning.
Wednesday morning price rallied above Tuesdays High and immediately rejected the previous rage highs as well as Tuesdays Highs.
This price behavior as shown is typical of reversal patterns...(see image below)

Why is this of Importance?
This shows a clear change in price dynamics
And it is a clear reversal signal- now pending confirmation.
Usually after a New High rejection with creation of new Lows there is a need to wait for confirmation to establish the reversal movement. In this case the addition of a new Lower Low after the new one was created should be confirmation on its own.

What is next?
A small price pullback can be expected target for Thursday - Friday is 29186.50

4H Chart View