After a choppy early morning trading price action on Tuesday NQ resumed its rally that started on Monday morning, breaking yet again above resistance and closed near the high of the day.
Ahead of the released of the FOMC 2-day meeting policy statement in the afternoon the Fed would surely be actively buying the markets. Whether or not they will be successful in driving the market higher only time will tell.
Key price levels to watch for on Wednesday will be 4430 support and 4455 resistance.
-- Bullish above 4455 resistance, next resistance above is 4470 then 4480
-- Bearish below 4430 support. Lower supports are 4410 and then 4390
