Continuation protocol On a daily basis, I'm working with a bearish BIAS. I’d like to see a run to the high from Friday the 6th. Maybe tomorrow with CPI, to take buy stops and then distribute in the direction of the HTF bias.
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The price respects the FVG high of 2437.37 and shows a good sell-off over the weekend. Given that we have the interest rate decision coming up this week, I will take a defensive approach. To remain bearish, the price should not close above 2391.85.
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Price trade to the outlined 2391.85 level and respects it.
FOMC and Interest rates release 2PM EST today. Lets see what price delivers.