On Tuesday, Nasdaq continued to make another higher-high, and as usual, pulling back down after making a higher-high.
As long as NQ continued to make higher-high and higher-low on a daily chart, the uptrend is still in progress without any pullback. Breaking below prior day low may trigger a larger pullback that could last several days.
Key level for NW on Wednesday is 3017.
-- Above 3017 implies another higher high is a high probability.
-- A clear and sustained break below 3017 is an indication that larger pullback is likely.
FOMC decision will be on Wednesday.
