We got the day that we expected in terms of volume. The market gapped down and took all day to get back to even, with the S&P closing down less than a point, and NASDAQ hitting only 1.3 billion. A winner and a loser on the ES, but I was low size due to the situation (and will be tomorrow).
Net ticks: -4.5 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:
The nice setup into the Value Area over the LPT triggered long at A, but swept initially, then went again at B, hit first target for six ticks, inched higher to exactly the Value Area High at C, and then stopped the second half under the entry:
