Trade Guideline for Tuesday (NQ)

A large gap-down open on Monday was quickly bought perhaps mostly of the Fed engineered to ignite short-covering rally. Ahead of the FOMC decision on Wednesday the Fed would be watching the market very closely as they would not want a sell-off ahead of the decision.

For Tuesday I wll expect the Fed to be very active in the market. I will use 2295 as key Line-in-the-Sand.

• Bullish bias above 2295 targeting 2320, 2340 - 2250
• Bearish bias below 2295 targeting a decline down to 2280 then 2260