Here is a chart graphically showing what I posted about yesterday regarding the Fed day pattern. After 5 of the last 7 Fed days the market was significantly lower. The two that did not follow the trend still had downside. The first actually reversed ON the Fed day and the second put in a doji the following day and then moved significantly lower on the second day after the Fed.
However like I also warned yesterday it is possible that with today being EOM that we go slighly higher today and go down big on Monday.
Here is a chart that I found showing exactly what the market did after Fed day.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPzb3iPV37LwvB8qnT6yWMIduJM1Qwl-APXZRBdHNBeWUQj59hDVV01QZVWVbNmTtXJjOtfg3nhYAzOlUNpn8TERbJuq-1Xc1LFk-akhe_u8t96FPGH4bH0rtaki2xV-JR6TBfyUuP2dNO/s1600-h/FOMC%5B2%5D.png
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