NQ opened with a gap-up and then rallied up to resistance in the morning before reversing back down towards the gap-close, missed closing the gap due to end of day profit-taking rally into the close.
For Tuesday support is 2950 and resistance is 2985.
Trading inside the range implies potential sideways consolidation ahead of Wednesday's FOMC meeting as traders wait for Wednesday's FOMC minutes before making a major decision.
Without a substantial change in the FOMC minutes the stock market may selloff for the rest of the summer as traders who are long the market take profit.
A clear and sustained break out of the 2950-2985 trading range could cause a trending move in the direction of the breakout as stoploss gets hit.
Next Resistance is 3000, 3020
Next Support is 2935, 2910
