Summary : SQ to me is in the "Wave 5" of a downward "Bearish Impulse" and now we are in a "Weekly demand (White Zone)" after just breaking from our 1st now filled "Weekly demand (Green)". But to me the reason SQ is slicing through is because (Bears) have the overall edge "Supply wise and Trend wise" as we have "3 week supply" which is a HTF (3 Week Supply > Weekly Demand) and greater than our "Weekly Demand" which is driving the market down. So to get to it unless this "Fomc" brings us back up i can see SQ possibly going for "Sell Side Liquidity (Green Trend Line)" at this rate if "Fomc" and other events this week fail to pickup the market .
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