Action early was poor after a gap up and volume ended up being so light that it was a good thing we didn’t make any calls. Note the clean use of the Levels on the ES (UBreak and UPT resistance early, then broke and ran straight to R1, then used the others as support, etc.). Hopefully, we do get some better volume in the middle of the week, as Monday’s volume was only 1.3 billion NASDAQ shares.
Net ticks: +0 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: