NQ rallied to higher-high in the morning, breaking above prior swing high, July 18-19 before reversing sharply back down to try to close the gap, then rallied in the afternoon closing just below resistance.
Key Level for Wednesday is 3087.
-- Above 3087 is an indication that NQ is going to rally to another higher-high.
-- Staying below 3087 implies another potential decline back down to support 3057 area.
The FOMC decision will be announced in the afternoon. Whether or not it will cause any market reaction only time will tell, but always be on the lookout for Fed buy programs, which they may engineered before the announcement or after the announcement, or both.
