$S&P 500(.SPX)$ rejected the Daily FVG resistance exactly as expected and the 3rd wave down is back underway.
Path of least resistance: equal lows at $E-mini S&P 500 - main 2606(ESmain)$ 6635 | SPX 6585.
This leg resolves into the Monthly FVG at 6,550–6,500.
Bias remains lower against today's high.
No reason to fight this.
Pre-FOMC Analysis:
"My lean is that we ultimately resolve lower and break last week's lows, targeting the equal lows on the Daily / Weekly at ES 6635"
Now -77 points and counting...
Projected the rejection.
Projected the path.
Projected the target.
$Gold - main 2604(GCmain)$ delivered.
I crush every market I touch.
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