A clean trigger on the ES breaking under the Value Area. See that section below. The markets opened flat, headed lower on light volume, and then surprisingly came all the way back and made highs before stalling out over lunch and (again) having a dull afternoon. NASDAQ volume closed at 1.55 billion shares.
Net ticks: +8.5 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 1970.00, hit first target for 6 ticks, lowered stop twice and stopped at 1967.25:
