I have only found one FED day since 2009 that looks like today (so far) it was August 2010 - where we opened down and continued down until about an hour before the meeting and then we bounced and actually formed a bit of a Doji on the day - but we then gapped down the next day and formed a short term bottom on the Thursday / Monday after Fed day.... It was different times and a different market structure - but it is the only one I can find. It was a MAJOR TOP (down 50 pts) as we had peaked the previous day....
Obviously, things can change with a huge bounce.... but for now that is the only Fed day I can find with remotely similar price action.
looks like again the dip was bought. the rest of the day pattern would be like this.
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Yes this mkt keeps going up but note the up movement of strong stocks is still resisting the up move..The Dorsey Wright P & F BPNYSE are still in "O"..But we just have to wait and see.
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