lots and lots of derisk into fomc into last cluster of cool support lines before the big hole think selling everything into fomc and shorting hole because youre scared warsh will say mean words (didnt he explicitly say he will avoid forward guidance) isnt a super wise idea, those can revert quite violently. around 40% odds for a hike and rising during july. 60/40 will go to 100/0 or 0/100 and market will have to rerate i think decent one to take a stab on reversal during the day and bet on possible higher low. ofc yesterdays 7d rvwap rejection could also be seen as lower high and us starting the downtrend back to the 50s but i think too early to call - depends on whether we price in 100/0 or 0/100 ig. my personal worthless layman bias is no hike gm and good spirits guys, world not ending