No calls with the flat opening (despite the GDP number) and dull early action ahead of the Fed. Frankly, the reaction to the Fed late in the day was a surprise, but have a look at the Russell 2000 chart below, where the Comber tool gave a 13 sell signal right at the high. Back to calls tomorrow to start August.
Net ticks: +0 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:
ER:
