A wild swings in the market on Tuesday, a big opening gap-down and run-down followed by a wide-range sideways consolidation.It is the nature of a very manipulated market.
The FOMC will announce their policy decision in the afternoon on Wednesday. NQ has already rallied sharply in after hours trading, and if it stays at the same level at the open on Wednesday, it will be a very large opening gap-up.
Key inflection price level for NQ on Wednesday is 4200.
-- Bullish above 4200, with resistances at 4250, 4280, 4300, 4320, 4340
-- Bearish below 4200, supports are 4160 and 4080
