With the upcoming FOMC rate decision, lets take a look back at previous decisions:
- September 2018, spike in both directions, before basically unchanged on the hour. Moved higher through the end of week
- November 2018, bullish move higher, through to end of week
- December 2018, bullish move higher, complete reversal following day
- January 2019, dovish into key support, 50% retrace by end of week
- March 2019, dovish into key support, into complete reversal off support
- May 2019, bullish initial reaction continuing on following day
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Strong follow through into a re-test of key trend line support, is there enough momentum to break through?