NQ_F / QQQ Descending Triangle Into Demand / FOMC Analysis
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.
Below 18060 puts targets below into play.
Break above the descending triangle puts ATH back into pay.
Note
NQ has broken out if it's descending triangle.Note
NQ now approaching first target of 18500 after it's breakout.
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