A small gap down that looked great for some Value Area setups heading back into the gap, but they didn’t work. We then caught a short on the way down later, and that worked fine. See ES and ER sections below.
Net ticks: -6.5 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 long at A at 2010.25 and stopped. Triggered short at B at 2001, hit first target for 6 ticks and more, stopped final piece 11 ticks in the money:
Triggered long at A at 1169.60 and stopped for 8 ticks: