WED FOMC Pattern 7.6 Post-Mortem Analysis
I have updated the FOMC Minutes Model with today's actual data, and posted the charts for comparison. When looking at the actual data from today, you can see that the overall pattern held up quite well. It's not a perfect match, but it was never intended to be. We are looking for overall patterns and swing points. The pattern actually informed some key swing moments, including the 1150 AM drop, a slow rise in price towards minutes publication, the post publication rise, and then drop.
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