The most recent Fed Day
Fed Days are days when the FOMC (Federal Open Market Committee)
make announcements on interest rates. These FOMC days usually see a
low range and low volume day up to moment when the announcement
is made and then the day changes into a volatile high volume
afternoon. The FOMC change (or leave the same) the Fed Funds
Rate. The announcement will be made at 12:30pm or 2:15pm depending
on whether or not there is also a
Fed Chairman Press Conference.
This is what the E-Mini S&P500 Market did after the last
FOMC rate change announcement on 1 May 2013 when the FOMC
kept the rate in the 0% to 0.25% range.
The next FOMC Meeting is 19 June 2013 (4th
scheduled meeting of 2013).
The following pages show E-mini S&P500 charts from this and
previous years. We felt that the S&P 500 most accurately
reflected the market's sentiment and reaction to the rate change
(if any) and is considered the barometer of the market. For that
reason we look at the S&P500 charts on Fed Days to see how the
market moved and the associated volume with those moves.