Do the FOMC Meeting Minutes create selling pressure (and opportunity) this afternoon?

08/19/2020 03:09 PM - By Matt Ratliff
The market is selling off after the FOMC Minutes. It is a rare event.  Let's test that in real-time to see what it has led to historically. 

Day - Wednesday

Opening Gap Direction - Up slightly 

Market Status - Selling pressure following FOMC Meeting Minutes

Instrument - ES, RTY, NQ, YM

Trading SetUp - Time Based Entry

Market Trend - Breaking a growth curve, still above 200 day MA

Trade Type - Long

Entry - 3:15 pm ET

Exit - 4:15 pm ET (Market Close)



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Matt Ratliff