I have shown many times in the past that Fed Days tend to carry a bullish edge – especially when there is selling leading up to the Fed Day. Tuesday’s selloff saw SPX close down over 1% and in the bottom half of its intraday range. I looked at this combination in the study below.

Those are some impressive stats over the next few days. I also produced the 3-day profit curve.

That is a persistent move from lower left to upper right, serving as some confirmation of the upside edge suggested by the stats table.

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