It's a very important and market-moving FOMC decision day on Wednesday. The very important information to read from the Fed on Wednesday will be the following:
1. How much will the Fed raise it key short-term Fed fund interest rate., and what are they planning to do for the rest of the year, how much increase and how fast..
2. Will the Fed finally announce the starts of QT, or will the Fed just talk to bluff the market participants. This is very important going forward.
A not so hawkish Fed will rocket the stock market, which should also rocket inflation, precious metals, bonds, commodities and cryptos
For NQ, key price level to watch for will be 13,250 for breakout to the upside, and 12,800 for key support for a break to the downside.
The reaction to the Fed decision on Wednesday should cause the market to trend upward, or downward for the next one to two weeks.
