Market Analysis and Trades for 6/18
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The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. It can be found here Market Analysis for the Week of 6/14
Once the FOMC decision was released, today was all about whether or not 7583-7585 could reclaim after any hold at one of the lower levels.
After ES held 7515-7519, one of the most important weekly levels in this scenario, 7583-7585 was back tested and soundly rejected from below.
Bulls have their work cut out for them tomorrow in terms of reclaims, but a late mistake from sellers may have opened an opportunity for them to do so
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