A nice winner on a gap-and-go day. Check the ES section below. The market gapped up (over the UPT, which is key for the gap-and-gos) and pushed up early. The afternoon was a bust again as we clung to the VWAP. NASDAQ volume was 1.6 billion.
Net ticks: +10 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:
My call triggered long at A at 1414.25, hit first target for 6 ticks, raised the stop a couple of times, and finally stopped at 1417.75:
