A break below this 60m uptrend line will trigger a sell signal for both day traders looking to game a pre-FOMC sell off as well as swing/trend traders betting on a post-FOMC leg down. Day trade (pre-FOMC 2pm EST announcement)minimum target is just above that 12612 first support level or one could lower/trail down stops to protect profits if/when /NQ starts to approach that first target & let it ride. FWIW, I give high-probabilities of… A) the sell signal (trendline break) triggering and… B) that first target being hit, high enough that I just took a starter day trade short position on /NQ here in advance of it, with plans to add on the breakdown. 60-minute chart below.
NQ 60m March 22nd