Let's see if there is a bias into the close prior to the FOMC announcement. Updating our test from this morning we see our long strategy for the day softens a bit from 3pm to the close.
Opening Gap Direction - N/A
Market Status - The day before the FOMC Announcement with the Market quiet but drifting up
Instrument - ES, NQ, YM, RTY
Trading SetUp - Time Based Entry
Market Trend - Above the 200 Day Moving Average (200MA)
Trade Type - Long
Entry - 3:00 pm ET
Exit - 4:15 pm ET (Market Close)