Overview
As expected, an uneventful Fed meeting day, and then the market didn’t get out of the range of the week even after that. We closed about where we opened on 4.5 billion NASDAQ shares. One more day of earnings and then the month end statements print on a Friday, but the 10-day TRIN closed under 0.85, which could be what we needed.
Futures:
ES Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and worked:
NQ Opening Range Play triggered short at A but too far out of range to take under the rules, triggered long at B and worked:
Results: +39 ticks
Forex:
GBPUSD triggered short at A and stopped:
Results: -25 pips
Stocks:
Quite amazing to have no movement after three and a half days. Nothing triggered at all, even after the Fed announcement, which just shook both ways. Boring as heck week.
That’s 0 triggers with market support.