Return to FVGs
The move is bouncing off a FVG toward a lower level FVG before FOMC meeting. We were in consolidation on spy but a return to these levels depending on FOMC results.
Note
After reviewing, there was a run down prior to FOMC release. Not quite the target hit but contracts were sold for profit prior to release of FOMC which was stated that this move would be obsolete prior to FOMC.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.