Couple of trades on another very light volume day as the NASDAQ traded only 1.3 billion shares, far below the 2.0 billion share average that we like to see. See ES and NQ sections below.
Net ticks: -9 ticks.
First, let’s take a look at the ES and NQ with market directional lines, the Seeker, and our VWAP:
ES:
Mark’s late day ES short triggered at A on a news spike and stopped:
NQ:
Triggered short at A, hit first target for 6 ticks, moved stop over the entry and stopped. We then headed into the Value Area with a new call short at B which stopped at C, retriggered at D and hit the first target, second half stopped over the entry:
