We gapped down and got some Value Area plays, with the ES call in particular working a bit. Ultimately crossed the Value Area and could have made more, but our stop was raised and got hit. NASDAQ volume closed at 1.7 billion and the markets closed fairly flat.

Net ticks: +10 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:


Our call triggered long into the Value Area at A at 1907.75, hit first target for 6 ticks, raised stop twice and stopped at 1911.25 at B: