Two trades on the ES, both worked, although the second one should have been a bigger winner than recorded. My screen had timed out and my update didn’t hit the feed. See that section below. The market gapped up and tried to fill early, couldn’t do it, volume was the lightest day of the year after an hour, and then we broke in the afternoon, dropped to fill the gap, and rebounded hard. NASDAQ volume closed at 1.7 billion shares.
Net ticks: +5.5 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 short at A at 1819.25, hit first target for 6 ticks, stopped second half over the entry. We set the Pivot twice after that, then triggered short at B at 1815.25, hit first target for 6 ticks. I lowered the stop to 1812.50, but that didn’t hit the feed due to a browser timeout, so we ended up stopping at the entry officially, but when something moves that far, you should have lowered your stop per the rules of our course:
