What might have been an exciting trading session for options unraveling turned into a horribly narrow session until the last hour. The ES was trapped in a mostly 3 point range for hours, although it had a nice long side trade setup that didn’t trigger. Meanwhile, the ER gave us two entries in short order that both worked enough for partials. See that section below. NASDAQ volume closed at only 1.6 billion shares.

Net ticks: +11.5 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:

ER:

Triggered short at A at 1109.80, hit first target for 8 ticks, and then snapped back quickly and stopped second half over the entry. Then we triggered long at B at 1113.10, hit first target for 8 ticks, raised the stop twice, and stopped at the same number as the partial:

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