High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
The FOMC June meeting will start on Tuesday with the announcement on Wednesday. A such, we could continue to see a narrow range choppy action on Tuesday as long as NQ remains above key support level, 18,980.
A sustained break below could cause some heavy selling ahead of the FOMC policy announcement on Wednesday. However, that would be highly unusual, but it could still happen if the insiders sense what the FOMC is going to do.
Next support below 18,980 is 18,760
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The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
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