$ES #ES-mini
The FOMC has just published its “dot plot” chart that implies three quarter-point interest rate cuts next year — that is more than economists expected to be in the forecasts. It’s dovish. And ES-mini popped to the July 2023 high.

I expect that double top to be followed by a corrective pullback following the old adage “buy the rumors – sell the news”.
Bears depends on whether Powell talks down the dots during his press conference at 2-30 PM EST.
Looking at a 30 min chart that spike looks like the textbook final overshot of the channel:
