A nice setup against the Pivot that failed early, but a nice breakdown after that that worked, and that established the range for the day for the market. See ES section below.
Net ticks: +1 tick.
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 long at A at 1455.00 and stopped. It spent 20 minutes above the trigger, so I don’t take that again. Mark’s call triggered short under LBreak at B at 1450.75, hit first target for 6 ticks, and adjusted the stop twice and stopped 10 ticks in the money:
