A clean entry on the ES using the Value Area and the Pressure Threshold line worked. The markets gapped up and headed lower, closing on 1.73 billion NASDAQ shares. Ranges are definitely improving.
Net ticks: +6 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 2001.75, hit first target for 6 ticks, lowered stop twice and also stopped 6 ticks in the money:
