Pretty much what we expected after options unraveling Wednesday, which was not much. Volume was light at 1.3 billion NASDAQ shares. The ES did set up a Value Area play, so we posted it. See that section below.
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:
The boring action for the first 40 minutes was right on top of the Value Area, so we went short breaking into it at A, but it only reached down to fill the gap and bounced: