Tuesday, May 2, 2023

NQ Guideline For Wednesday

Ahead of the FOMC decision on Wednesday, NQ simply trade sideways on Tuesday. It is possible NQ may continue to trade sideways on Wednesday.

The market is expecting a 25 basis point rate hike on Wednesday. Whether or not the language of the FOMC decision would be ebough to know the market out of its current trading range,  we just have to wait and see.

Key levels for NQ going forwars is 13,000 support and 13,300 resistance.