Microsoft caused a gap up in the markets that otherwise wouldn’t have happened, and we ended up with a flat, narrow session after that. Volume was 1.4 billion shares, but Microsoft’s volume on the news was so huge that total NASDAQ volume would have been 1.2 billion or something like that without MSFT. No calls.

Net ticks: +0 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:

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