How we respond to FOMC historically

06/16/2021 08:37 AM By Matt Ratliff

Today is the FOMC announcement. Let's see what has happened on this day in a similar context.

Key Event: FOMC Announcement at 2:00 PM ET

Event Details: 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.

Day - Wednesday

Opening Gap Direction - Flat (no gap)

Market Status -

Instrument - ES, NQ, RTY, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Intraday Entry

Entry - 9:30 am ET (Market Open)

Exit - 4:15 pm ET (Market Close)

Note: Most tests/studies here are done going long using Future Indices. This is done for several reasons; so you can easily compare different studies/tests, and because of the high correlation of these Indices to other instruments. The Daily IQ is typically an End of Day analysis without stops/targets. You can use Discover to test/study other potential trades with numerous stop/target values. You can make comments below.

Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.

Sign Up for the DailyiQ

Click below to share with your friends or colleagues

Tags :

ES - S&P 500 E-Mini, RTY - Russell 2000 E-Mini, NQ - NASDAQ 100 E-Mini, YM - Dow Jones E-Mini, FOMC, Intraday Open, A Long Position, Wednesday

Categories :

DailyiQ