ES Coiled Below Value Into FOMCE-mini S&P 500 Futures (Jun 2026)CME_MINI:ESM2026BeneathTheBookPrice closed weak Tuesday (settle 7518.25) and sits below prior value going into the Fed. NQ led lower (-564). This is a risk-off map, and the whole thing pivots on one level.Overhead (reclaim = first sign of strength): 7561 prior VAH top of old value, now resistance-from-below 7553–57 iceberg resistance shelf (zone) 7539 prior POC the fair-value magnet above The decision zone: 7531/7530 prior VAL + HVL the band price has to reclaim to flip constructive 7524 iceberg support the level that matters today. Heavy refills, tested floor below value. Hold + absorption here = the only long worth taking pre-blackout. Lose it and downside opens up. Below: 7513 prior low / 7518 settle line in the sand 7500 put wall the structural floor / downside magnet The plan: A+ or stand aside. Nothing through the Fed window (blackout 16:00–19:30 UTC). Watch 7524 it tells the story.Not financial advice. Levels from order-flow + structure, shared for education.