A solid bullish bias in the Futures Market the day before the FOMC announcement

07/28/2020 08:59 AM - By Brian Casto
The FOMC announcement is tomorrow, this is what has happened historically the day before the announcement.  Keeping the test simple, in general there is a bullish bias on this day, with win rates around 60% plus.  Watch the video and examine the info below.  If you have access to Discover, experiment with opening filters to keep testing this bias.

Opening Gap Direction - N/A

Market Status - The day before the FOMC Announcement

Instrument - ES, NQ, YM, RTY

Trading SetUp - Intraday Entry

Market Trend - Above the 200 Day Moving Average (200MA)

Trade Type - Long

Entry - 9:30 am ET (Market Open)

Exit - 4:15 pm ET (Market Close)

Brian Casto