Setup per QQQQ

QQQQ gives one of the clearest picture for the current setup. I believe the market will follow the path drawn in orange. (Number 1)
QQQQ will likely wait Fed anouncement around 41.4 followed by a post Fed rally which should reverse the following Day (Thursday)



IF we follow #2 (black), then it will be a bullish count for the later part which doesnt quite fit in the larger degree picture.

Either case, QQQQ should test 41.4 xTrends magnet before Fed announcement.