As expected, a fairly flat session when the CPI didn’t do much for the markets and everyone settled into waiting for the Fed announcement (due Wednesday). We had a nice winner coming back though. See ES section below. NASDAQ volume was 1.5 billion shares.

Net ticks: +10.5 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:

ES:

Triggered short at A at 1931.75, hit first target for 6 ticks, and closed the final piece at 1928.00 for 15 ticks as the markets settled back on the VWAP ahead of the Fed:

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