On Tuesday NQ opened with a gap-down. Then after dropping down to support, it rallied up to resistance, 18,290, before trading sideways into the close.
18,290 prove to be a formidable resistance on Tuesday as NQ tried multiple times trying to break above it and failed.
18,290 will be a great inflection price level to use for Wednesday, bullish above with upside target at 18,500 or higher.
NQ is bearish below 18,290, first support is 18,000.
Wednesday is FOMC decision with no expected change in policy, so there may not be much reaction to their announcement.
