The markets gapped up and the ES gave us a clean gap fill early. NASDAQ side never quite filled, and then the markets spiked up on the Fed before retreating to middle range for the last hour of play. NASDAQ volume closed weak at 1.65 billion shares. Tomorrow is end of month in the summer, so might not be too exciting. Note that the ES closed on the VWAP within a tick.

Net ticks: +5.5 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:

ES:

Triggered short at A at 1971.00 and stopped for 7 ticks. Re-entered the trade on a re-trigger, hit first target for 6 ticks, and lowered stop twice and stopped final piece at 1966.25:

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