An interesting day. The ES only barely touched a single level for the whole session, finding support at LBreak. Don’t think I’ve ever seen a day like that. Short trade triggered and stopped early, market volume was too light after that to bother. The only action in the afternoon was a spike down on the release of the Fed minutes from the last meeting. See ES section below.
Net ticks: -7 ticks.
As usual, let’s start by looking at the ES and NQ intraday with our market directional lines, Seeker, and VWAP:
Triggered short at 1334.00 at A and stopped: