Monday, April 29, 2024

NQ Guideline For Tuesday

A sideways action for NQ on Monday ahead of the FOMC meeting with their policy decision announcement on Wednesday afternoon.

Current NQ trading range is 17,800 support and 17,950 resistance.

NQ may or may not breakout ahead of the FOMC decision on Wednesday. If so, NQ could remain inside the 18,000-18,950 trading range, and it will be choppy.

A break out of the range could cause a large move away from the ramge. Above 17,950 NQ upside target is 18,050-18,150

A break to the downside target 17,600 and then 17,450 if 17,600 is violated.