Another winner to close out the week and month. See ES section below. The markets opened flat and then surged higher early. We topped out over lunch with a solid Comber sell signal on the 5-minute ES. It’s risk level matched the ADR and the market couldn’t get through. We then rolled hard in the afternoon, probably because of the situation in Ukraine, and then bounce back to the VWAP right before the close. I also called an ER short in the room for the Value Area play that surprisingly worked all the way across the Value Area quickly for 80 ticks, but I didn’t put it in the Messenger/Twitter feed because it was late on the last day of the month. See that section below too. Volume was 2.3 billion NASDAQ shares at the close.
Net ticks: +8 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 long at A at 1859.50, hit first target for 6 ticks, and closed final piece at 1862.00:
ER:
Called the break into the Value Area in the Lab at A late in the session, which worked all the way across the Value Area:
