A trade that stopped twice on the ES, but then would have worked the third time. Markets gapped down, headed up slowly, bounced hard over lunch when oil recovered sharply, but then came all the way back to the lows on 2.1 billion NASDAQ shares.
Net ticks: -14 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 A at 1977.00 and stopped (twice). Third time would have worked but we usually officially cap it at two:
