A trigger on news on the ES (see below), and then a later better trigger that didn’t work. Market volume, after improving yesterday, dropped quite a bit Tuesday, which doesn’t bode well for Wednesday and Thursday as we wind up the quarter and head into the long weekend.
Net ticks: -14 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:
Mark’s call triggered long at 1555.25, although the first trigger was on news (Consumer Confidence and New Home Sales) at A at 10:00 am EST. Generally don’t want to enter a trade on news, but the call was made 4 minutes before, so we will count it. Stopped, then triggered again 10 minutes later and stopped again. Ended up in a useless range with no volume:
