No long write-up today because across other assets everything is pretty much the same as the Friday write-up and look to be in a holding pattern until FOMC on Wednesday. $SPY has once again rejected the 50DMA, not good. We also closed just a whisker below the 765.40 dark pool level. We did however re-establish the massive dark pool level at 762.27 as support this morning, but we need to see it remain above for a few more days to have any confidence we established a floor there. Looking at the hourly it would appear that we are set up to roll back over tomorrow morning, and given how the gamma profile has put walls at 755, 750, and 745 with 755 being the largest, and the call wall at 765 is all 0dte, it is likely the 755 put wall acts as a magnet at least until FOMC which could act as a stick save or a force multiplier. I don't see us breaking down the 762.27 level tomorrow, but if the Fed is hawkish even without a hike then we could be looking at a decisive breakdown by Thursday meaning we are in the early innings of a correction right now. Bottom line, we cannot know for sure what the direction will be here until we are through FOMC and Wednesday's earnings.