FOMC 100% Breakout (Check) - Key Resistance and 6500 Gamma Pin

FOMC was in fact a NOISE candle

So I measured the candle, projected a 100% breakout bullish and bearish

Bulls took the bait and ran higher, but still resistance @ 6700 seen today and hopefully
a short-term window to see a bit of a slide lower into some technical levels

EMA support levels
-watching the 21 period daily EMA
-watching the 50 period daily EMA

6550 FOMC candle lows from last week
6500 Gamma Pin with JP Morgan's quarterly collar trade

This is the first day in several weeks where I've seen some actual follow through
in negative gamma option flows

If futures grinds prices lower, the cascade may take hold and we can see a 100-200 point
selloff quickly in the S&P

I still like scooping up premium and buying the dips, but hopefully at more attractive levels
like 4-5% lower or even 8-10% lower

Let's see how it plays out. I'll be in the markets grinding per usual.

Thanks for watching!!!