Tutorial On FOMC Support and Resistance

5월 16일

Using the 8-hour chart on the Wednesday of an FOMC release, I use a purple line on the 10am EST 8-hour candle's open as the FOMC release price point.

I then use a purple highlighter to signal the date of the release.

I have come to the conclusion that the Dow Jones Futures moves and finds support/resistance using the FOMC releases. Nothing else on the chart matters BUT each release.

There are only 2 ways these levels are used.

1. Support and Resistance levels

2. Mean Reversion levels


I have not found a single source on the ENTIRE internet that describes this phenomenon and would like to think I am quite lucky for stumbling upon this observation.

Below are examples of how/what to look for when using these levels.

Step 1:

On the 8 hour chart, mark the 10am EST opening price of that candle with a purple line and highlight



Step 2:

Project it across and see how price reacts. It will either mean revert or bounce from it

It is hilariously funny to me that price stopped dead within a measly 84 ticks away from the DEC 2023 FOMC level before bouncing.




Support and Resistance:










Mean Reversion:




Price mean reverting around the 10am opening price of FOMC Wednesday.

5월 16일

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5월 16일

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5월 16일

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5월 16일

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More Examples below of support and resistances

5월 16일

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5월 16일

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I am short off of the September 2024 FOMC level using a 150 tick stop and a 480 tick target. The market dumped 200 plus ticks off of this level right near the end of the day and hit this level by a mere 10 ticks. Wierd:?

5월 18일

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Trade closed for a 2.25 to 1 on the Asia opening. All based around September's FOMC level of 42,755