A loser and a winner to close out the week. Volume was strong early, then drifted off, spiked back up on news out of Europe over lunch, and then drifted off again for the afternoon on a summer Friday.
Volume has been up and earnings and GDP are behind us, so I’m expecting better action next week with less gaps.
Net ticks: -4.5 ticks.
As usual, let’s take a look at the ES and NQ with our market directional lines, Comber, and VWAP:
ES:
Mark’s call triggered long at A at 1365.75, stopped just barely for 7 ticks, and then retriggered right after that, hit first target, raised stop under the entry and stopped at 1365.50:
