We have seen F_E_D statements that were obviously leaked as the media outlets have the F_E_D statement before it comes out, it is just embargoed, this way they can talk like they know what they are saying right after the announcement, but who is to say someone in the copy machine department doesn't make a quick call to a friend on Wall Street in exchange for some coke, hookers and cash?
It's happened before, it's a bit harder to tell this time. Judging by the DIA I would say probably, but the SPY's lack of good confirmation leaves the question open. In any case, the market didn't like it and if you faded the rally in to the announcement, congratulations.
DIA 1 min... inconclusive.
The 2 min chart though shows distribution into the rally before 2:15
The 5 min chart shows the extent of distribution, this is suspicious.
And the 15 min hart, that quickly, definitely questionable.
QQQ somewhat questionable.
QQQ 15 min, VERY questionable
If the SPY looked like the rest, I would have made a 'fade the rally call", but there was actually accumulation in to the statement, albeit on a 1 min chart.
Well that's a hurdle that we crossed with little trouble.
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