Monday and Tuesday will basically tell you whether Wednesday and Thursday have a chance to be interesting this week (Friday won’t be either way), and Monday so far says that things won’t be. Volume was light early but didn’t come back at all in the afternoon and closed at 1.28 billion NASDAQ shares. The ES was glued to the VWAP/midpoint area the whole session. Mark had one call that stopped that he did not re-enter. Trading is very dangerous this week as we wrap up summer. See ES 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:
Mark’s call triggered long at A at 1997.00 and stopped: