Notice in the chart above the percentage change from yearly open of the U.S. Markets (E-mini S&P futures, E-mini Dow futures, E-mini NASDAQ 100 futures, and E-mini Russell 2000 futures) and European markets (DAX futures and EURO STOXX 50 futures) during each FOMC meeting of 2016.
As you can see, the S&P and Dow have moved higher overall in close relation to one another up over 4% for the year while the NASDAQ has moved higher to catch up creating a convergence. By comparison, in Europe the DAX has moved higher in recent times but is still trying to get back to its yearly open.
Tonight (Wednesday, September 21, 2016) at 7:30 p.m. CT, DTI’s founder and 35-year trading professional, Tom Busby, is holding a free, live webinar where he will share his insights about how to trade today’s FOMC news over the next 72-hours. You won’t want to miss this event so to save you spot simply click on the button below.
We hope to see you there!
