FOMC Move 100% Retraced - Now Into VPOC

The index gapped lower this morning (following yesterday's bear engulfing bar) and price showed continuation off the open, before finding a bid versus the 5237 LOI.

This was a 100% retrace of the FOMC move and the pre-FOMC vPOC.

RTH daily candles now show hammers… The main watch for tomorrow will be whether buyers can show follow-through above today’s high.