To show you how bad things are in futures right now, we have a perfect setup that combines essentially the Value Area, the opening range, and the gap fill and can’t even cover the 6 ticks to get there on a Friday. Unreal. See ES below. We ended up trying again in the afternoon and failed, then slipped back to the VWAP on 1.5 billion NASDAQ shares.
Net ticks: -7 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:
Nice setup triggered at A at 1580.50, couldn’t even reach the 6 ticks up to the gap fill. Note that the Comber gave a 13 buy signal at the low: