A flat session to start that got interesting when the Fed didn’t end QE and the markets spiked higher. One trigger on the ES broke out on the news and worked very nicely, and fast. See that section below. NASDAQ volume was weak early but rose and closed at 1.7 billion shares.
Net ticks: +20 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 long at 1699.50 at A, hit first target easily for 6 ticks if you got some (and it was gettable), and then stopped at 1707 at B:
