To gain an edge, this is what you need to know now.
FOMC Minutes
FOMC (Fed) minutes were released at 2:00 pm ET. We brought this to your attention in the Morning Capsule. The minutes caused heavy selling but the momo crowd bought the dip.
Let’s explore with the help of a three minute chart. Note the following:
Please click here for the three minute chart of ETF SPY.
- The chart shows when FOMC minutes were released.
- The chart shows selling on release of the minutes.
- Take a look at the volume increase during the selling.