NQ traded sideways on Monday ahead of the FOMC 2-day meeting (Tuesday and Wednesday). Whether the market can trend before the Wednesday's FOMC policy decision announcement, only time will tell, but under normal condition, the stock market usually trade sideways, but today's market is far from normal, today's market is highly manipulated, so anything can happen.
Key price inflection level on Tuesday will be 4260.
-- Bullish bias above, and the first resistance and also key resistance is 4280. Without any strong bullish market internals 4280 could serve as a strong resistance level. Only a sustained break above 4280 could trigger some short-covering rally, next resistance is 4300.
-- Bearish below 4260, next support is 4245. If that does not hold, the lower support is 4220.
