Now that the Fed September meeting is out of the way, with no surprises from the Fed on Wednesday the market can resume its downtrend.
For NQ as long as NQ remains below 12,000 the current decline should continue without any pullback-up moves until it breaks below June 2022 swing low at around 11,100
On the intraday 5-minute timeframe, key intraday inflection price level for NQ Thursday will be at 11,700, bullish above it, with first resistance at 12,000, and bearish below it with first support at 11,400.
