I made a similar post awhile back detailing how Dow Jones moves and uses FOMC. Now I have a little more update, it is even clearer.
The purple highlighter is the FOMC release and the purple line is the price level it was released at.
The November FOMC kickstarted the bull trend and since then, price has been defended from prior FOMC levels.
Below I will show you what I am referring to.
The purple highlighter is the FOMC release and the purple line is the price level it was released at.
The November FOMC kickstarted the bull trend and since then, price has been defended from prior FOMC levels.
Below I will show you what I am referring to.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.