Nasdaq continued to trend higher on Tuesday ahead of FOMC statement on Wednesday. Traders and investors will be looking for a major change in the FOMC statement
Without any significant change in FOMC statement the market may go into the usual summer selling mode that would last until September or October. Whether or not it will start on Wednesday only time will tell, but key level to watch for on Wednesday is 2965 support area
-- .Above 2970, the uptend is still in progress, targeting a move up to re-test May swing high
-- A clear and sustained break below 2965 implies NQ is reversing back down.
