On Tuesday, the stock market has started to sell-off ahead of the FOMC decision on Wednesday, likely in anticipation of a hawkish announcement by the Fed.
Key support for NQ on Wednesday will be at 17,400. If that should be violated NQ is like;ly to drop down below the recent low, 17,100, and drop all the way down to 16,700 support. It could drop down to it on Wednesday or may extend to thursday.
If NQ 17,400 should hold, NQ could rally back to 17,900-18,100 price zone as the shorts would have to cover.
