Post-FOMC Weakness

Looks like today will mark only the 11th time since 1990 that S&P futures will post an unfilled downside gap the day after an FOMC announcement. The S&P closed lower the next day in 9 out of 10 occurrences, averaging a loss of 1.5%…

Unfilled Downside Gap (High<Previous Day’s Low) Post-FOMC
09/22/11… S&P500 ??? next session
06/23/11… S&P500 -1.0% next session
08/11/10… S&P500 -0.5% next session
12/17/09… S&P500 +0.6% next session
06/25/08… S&P500 -2.9% next session
09/20/05… S&P500 -0.9% next session
09/21/04… S&P500 -1.4% next session
03/19/02… S&P500 -1.6% next session
12/19/00… S&P500 -3.1% next session
07/03/96… S&P500 -2.2% next session
07/03/90… S&P500 -1.2% next session

Categories : Archived Intraday Commentary, Intraday Commentary

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