Daily downtrend that started from the high on March 02 has ended on Monday with a clear break above 4340. The downtrend has ended and NQ is now technically in an uptrend on the daily chart and would remains so as long as Monday's swing low is not violated.
FOMC will begin its 2-day policy meeting on Tuesday with the policy decision to be announced on Wednesday afternoon.
Key support price level for Tuesday's trading will be 4340.
-- As long as 4340 is not violated on any down move, NQ should remains in a bullish uptrending mode, next resistance is at 4380-4085 area.
-- Breaking below 4340 will put the current uptrend in jeopardy and is an indication NQ may go back down to re-test its recent swing low, which is last week Friday's swing low.
