The following video provides technical analysis of the major stock indices & market-leading stocks as the markets await today’s much-anticipated FOMC announcement.
As noted towards the end of the video, both QQQ & /NQ have just hit the max. near-term bounce targets (for the recent active trade idea), thereby providing an objective opportunity for active traders to book full profits (on longs taken off the recent lows) and/or reverse to short for a pullback before the 2 pm FOMC announcement. Updated 60-minute charts below.
NQ 60m 2 March 16th
QQQ 60m 2 March 16th