A winner and a loser on the ES in another session that saw narrow action for the first hour, although the broad market broke out over lunch despite the Fed meeting. NASDAQ volume was 1.9 billion shares.
Net ticks: -4.5 ticks.
As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:
Triggered long at A at 1496.25, hit first target for 6 ticks at VAH, stopped second half under entry. Triggered short at B at 1493.75 and stopped for 7 ticks. No re-entry: