Trade Guideline For Wednesday (Nasdaq NQ)

Short-covering rally was triggered right from the open and continued all day into the closing bell. FOMC decision will be announced on Wednesday. I will use 2245 as key Line-in-the-Sand.

• Bullish above and can continue to run-over stoploss for another short-covering rally.
• Below 2245 would imply likely consolidation with potential range of between 2230 - 2250