AmpedTrading

NQ_F / QQQ Descending Triangle Into Demand / FOMC Analysis

Long
AmpedTrading Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
We see NQ forming a descending triangle into a key demand zone of 18165-18075 along with a key support zone of 18100-18060 that's been holding for some time now. With FOMC tomorrow, this will be a key zone, along with the descending pattern.

Below 18060 puts targets below into play.
Break above the descending triangle puts ATH back into pay.
Comment:
NQ has broken out if it's descending triangle.
Comment:
NQ now approaching first target of 18500 after it's breakout.

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