Anticipating the FOMC Announcement today.

09/16/2020 09:11 AM By Matt Ratliff
The markets are pushing higher ahead of the FOMC announcement due out this afternoon, let's see what that has led to historically.

Market Event: FOMC Announcement - The U.S. Federal Reserve's Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy. It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the outcome of future votes. 

Release Time: 2:00 pm ET

Day - Wednesday

Opening Gap Direction - Up

Market Status - FOMC Announcement today, OpEx Friday.

Instrument - ES, RTY, NQ, YM

Trading SetUp - Intraday Entry

Market Trend - Weak Bull

Trade Type - Long

Entry - 9:30 am ET (Market Open)

Exit - 4:15 pm ET (Market Close)

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