Make no mistake, there are big monies looking to unload to retail. make sure you dont buy their sell orders. This is written all over the charts, the news will come second. Unfortunately this is market psychology, I see lots of bears capitulating out there buying the narrative "dont fight the fed". Thats fine and dandy, but the fed is trying to fight gravity. They are the only buyer in this market besides retail chasing the pump again.
This is my strategy, the .718 is my invalidation level. Good luck mates