Another narrow-range choppy price action ahead of the FOMC decision announcement on Wednesday.
On The daily chart of NQ the pattern is showing a potential large trending move out of the current price zone, NQ could go 2,000-3,000 either way without much pullbacks.
As such NQ upside move target is a break above 21,000, with final target at 24,000.
The downside target will be below August low, to 16,000.
The current technical pattern for NQ is very bullish, we have an inverse head & Shoulder pattern. A trigger will be a break above the August 22nd swing high, , 20,100. A dovish Fed announcement on Wednesday would support a bullish breakout.
Key inflection price zone for NQ is around 19,400, bullish above, bearish below it.
