NQ tried to breakout above 3970 early in the mornng on Tuesday but failed, reversed back down below 3970 down to just below FT Pivot support.
NQ traded sidewyas in a narrow trading range ahead of the FOMC policy decision announcement on Wednesday afternoon. NQ may continue to trade sideways on Wednesday until the FOMC policy announcement in the announcement.
Failure to rally substantially a day or two after the FOMC announcement is an indication summer pullback may already be in progress.
Key price level for NQ on Wednesday is 3970.
-- Bulish above 3970, targeting a new daily high
-- Bearish below 3970, supports are 3940, 3930, 3920
