Invesco QQQ Trust, Series 1Updated FOMC market patterns
In the last 5 FOMC, the 2pm candle was either red or doji/choppy (yellow) AND the 2:30 candle was GREEN. So sell 2pm, buy 2:30pm is the pattern. In a few instances it retraced the 2:30 move shortly after, tho, so be nimble not greedy.
Looking at these partitions you see some interesting fractal patterns, too. Could this be another setup for a check down? If not, maybe an inverted check up? Maybe since the orange bottoming pattern is compressed, the next pattern is compressed as well? I'll be looking for clues. Seems the move only lasts a couple weeks before the pivot.
Looking at these partitions you see some interesting fractal patterns, too. Could this be another setup for a check down? If not, maybe an inverted check up? Maybe since the orange bottoming pattern is compressed, the next pattern is compressed as well? I'll be looking for clues. Seems the move only lasts a couple weeks before the pivot.
Note
Or maybe the bottoming move isn't compressed and it plays out more like this... Note
or this Note
I just noticed the January Date is wrong, was the following day, Wed.Note
It switched up this time and went green 2pm red 2:30p, but somewhat followed the non-compressed orange fractal gapping down. Now it's doing it's own thing. I could see a choppy yellow scenario again here, like early August after a good CPI reading. Note
Maybe a splice of the two
Note
Here's another one 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.