For active traders that might want to try & pick up a few nickles in front of a steamroller, /NQ (Nasdaq 100 futures, or QQQ, TQQQ, etc..) offers an objective long here at the 11744ish support as well as the uptrend line/bottom of falling wedge support on the SPY & QQQ 60-minute charts. 15-minute chart below.
NQ 15m Dec 5th
SPY offers an objective long on this pullback to the bottom of the 60-minute bearish rising wedge with at least one more thrust up likely before the wedge breaks down for good (incl. any pre-FOMC whipsaws).
SPY 60m Dec 5th
QQQ also offers an objective long on this pullback “almost” to the bottom of the 60-minute bearish rising wedge or should we get one more marginal thrust down to that trendline, such as on a gap down at the open tomorrow, with at least one more thrust up likely before the wedge breaks down for good (incl. any pre-FOMC whipsaws).
QQQ 60m Dec 5th