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we saw quite the substantial sell-off today after fomc you can see here we did break down from this ascending pattern that SPX was within all the way since March 13th from back here so we had a breakout above it was unable to even get back into this purple box this is a key Supply Zone I was not even able to touch up there it got rejected very hard and this made it a breakout that we had and you guys know whenever theres a breakout means that theres a lot more in this case weakness to the downside and we did break further below this descending pattern and now were really close to this demand Zone again this demand zone is key because if we do break below this which is my expectation then we will see a lot more downside and likely test the lows that weve made so far around this 3812 levels so do note this box going forward its going to be especially crucial as we test it likely tomorrow and then Friday and so my bias is that we continue down further and this is working perfectly