As expected, the market was extremely flat again today between the end of the month and the first day of a Fed meeting. We spent a huge piece of the day (the whole morning) inside a 4 point Value Area on the ES. Not pretty. One winner and one loser on the NQ, see that section below. No other calls as things were so flat.
Net ticks: -2.5 ticks.
As usual, we will start with the ES and NQ with our market directional lines, VWAP, and Comber:
NQ:
Remember that for the NQ, we use half points as ticks instead of quarter points.
Triggered short at A at 2639.50, and that stopped. A few minutes later, it triggered again, hit the first target for 6 ticks, and we moved the stop over the entry, which stopped:
