Soft after FOMC announcement

06/16/2021 02:35 PM - By Matt Ratliff
The markets are weak following the FOMC announcement, let's test that pattern historically...
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 - Market is reacting to FOMC announcement, heading lower

Instrument - ES, NQ, RTY, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Time Based Entry

Entry - 3:00 am ET

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.


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Matt Ratliff

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