Tuesday, March 14, 2017

NQ Guideline For Wednesday

NQ traded sideways again remaining inside the current trading range. It is expected to remain inside the range until the FOMC announces their policy decision on Wednesday afternoon.
 
Another potential market moving news is the result of the Dutch election. A victory for the Euro-Exit group would speed up the  timeframe for the eventual collapse of the European Union and the Euro currency.
 
Trading range support for NQ on Wednesday will be 5345, and resistance is 5400
-- Inflection price level for NQ is 5480, and first support is 5365
 
Image result for fomc meeting