A typical opening gap-reversal day on Tuesday with a small profit-taking decline near the close. With the FOMC policy announcement not until 2:15 pm in the afternoon the market may just chop around until the announcement, and then, depending on whether or not there is going to be any major change in policy, the market may or may not have much reaction.
Key price level for NQ December contract on Wednesday is 4045.
-- As long as NQ does not clearly break below 4045, the up-trending will resume, next resistance is 4100.
-- Below 4045 is an indication that the downtrend resumes, supports are 4030, 4010.
