The volume was heavy early on, but we knew that trading would be sketchy at best with most of New York still reeling from Sandy. I tried one ES short into the Value Area that stopped and I nixed taking it a second time (would have worked). This could be a little slow until Monday, and maybe even after Tuesday’s election.
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:
ES:
Triggered short at A at 1410.50 and stopped for 7 ticks:
:
