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:
