We are in the process of rolling our futures contracts to the December (Z4) today, which usually means that tomorrow (first full day on the contract) will see lighter volume and more drifting (plus it is a Friday anyway). Today, we had one winner just to a first target using the LPT on the ES. Markets gapped down and eventually filled, and the ES (see chart below with Levels) was essentially inside the Value Area exactly all session.

Net ticks: +2.5 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:


Triggered short at A at 1988.25, hit first target for 6 ticks, stopped second half over the entry: