As expected, not a very interesting day in the market with the Fed announcement. An early NQ trade went nowhere as volume was weak. After the Fed, an ES short stopped once, then worked. An ER call late stopped.
See those sections below. Very choppy action.
Net ticks: -16.5 ticks.
Here’s the ES and NQ with our market directional lines, VWAP, and Seeker:
Triggered short after the Fed at 1345.50 at A and stopped, went back in and hit first target at 1344.00, stopped final half at 1344.25 in the money:
Triggered short early on a nice setup under the Pivot at A and stopped (the retrigger of this would have worked, but we canceled ahead of the Fed):
Triggered short at A at 777.00 and stopped: