NQ traded sideways in a consolidation pattern above support, eventually manage to make a slight higher high above Monday high before pulling back down a bit into the close.
With no new buyers left to buy and push the market up in a strong fashion, unless the Fed trigger a big buy programs on Wednesday we can expect another choppy consolidation day again, and as long a support is not clearly violated, we should see another higher high.
Key support for NQ on Wednesday will be 6225.
President Trump is expect to announce the next Fed Chairman on Thursday. President Trump is expected to nominate Jerome H. Powell as the next chairman of the Federal Reserve, replacing Janet L. Yellen, whose term expires early next year, according to two people familiar with the plans.
