A decent move early after a gap up, and volume was weak for the session despite the Fed announcement in the afternoon. The bulk of the session was flat between the 60-minute mark and the Fed announcement at 2:15 pm EST.
One winner and another trigger that worked, but triggered right on the Fed announcement, and we don’t suggest taking trades on that level of news. See ES and NQ sections below.
Net ticks: +2.5 pips.
As usual, let’s take a look at the ES and NQ with our market directional lines, Comber, and VWAP:
ES:
We had a short under 1373.50, which triggered at A right on the Fed news, but should not have been taken but would have worked:
NQ:
We use half points as ticks on the NQ.
Triggered short at A at 2644.00, hit first target at 2641.00, and the second half stopped right over the entry:
