I'm not sure what to make of today's pattern given the huge surge in volume following the CPI data. Still when the market has a huge rise in pre-market, it is usually followed by intra-day action with a steady decline but not retracing to lows. So this pattern may still be valid.
Note a steady drop with some good volatility opportunities in the morning, with a descent until 12:45 PM. Choppy action until 2:40 PM, followed by a slight increase and some flat action until close.
This pattern was built by looking at all the Tuesdays that fell on a FOMC week during the past year. I used a flat average for all weeks except for the last three weeks. Then I used a moving weighted average of 15% of the last three weeks to build this model.
Note a steady drop with some good volatility opportunities in the morning, with a descent until 12:45 PM. Choppy action until 2:40 PM, followed by a slight increase and some flat action until close.
This pattern was built by looking at all the Tuesdays that fell on a FOMC week during the past year. I used a flat average for all weeks except for the last three weeks. Then I used a moving weighted average of 15% of the last three weeks to build this model.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.