The market traded sideways on Tuesday ahead of the FOMC decision on Wednesday afternoon. The market usually trade sideways ahead of the decision.
The announcement usually cause a choppy action short;y after the announcement. Once the market settle down we could see the market trend, usually not until the next day.
However, key support for NQ is at 15,470, with resistance at 15,750. A sustained break out of the range should cause a trending move.
A break to the downside below 15,470 could tank NQ down to 14,840 very quickly.
At the end of the day NQ looks ready to tank, likely after the FOMC decision. It should tank if it breaks below 474.
