A nice call swept and stopped once before working. Today was much slower than the prior two days in the market, although volume was back up to 1.7 billion NASDAQ shares. We did see a drop late in the session on rumors about Bernanke.
Net ticks: -1.5 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 1527 and stopped for 7 ticks, then triggered again at B, hit first target for 6 ticks, and stopped the final piece at 1525.75 at C: