The market gapped down today on the JPM news and headed up immediately. Sensing the reciprocal energy and the fact that the Value Areas and gaps were above, Mark immediately made an NQ call on the long side that worked fine and actually barely stopped out in the money to his adjusted stop before pushing much higher, but still a nice winner. See that section below.
First, here are the ES and NQ with our VWAP (purple line), the market directional tools, and the Seeker on the 5-minute chart:
NQ:
Triggered long at A heading into the Value Area at 2611.00. Sold half at 2614.00 at B and adjusted the stop twice. Sadly, the stop moved to 2616 and stopped by a tick at C before running much further, but still a clean 5 points or 20 ticks on the trade:
