Another very light volume day (by my count, fifth lightest of the year) with predictable results. The first move through our ES trigger stopped and the second one hit the first target. Another trade late in the day did nothing and I closed it out at even. See ES section below.
Net ticks: -4.5 ticks.
As usual, let’s start by looking at the ES and NQ with our market directional lines, Seeker, and VWAP:
ES:
Mark’s called triggered short at 1308.50 at A and stopped, then triggered again, hit the first target for 6 ticks, and stopped the second half over the entry. In the afternoon, a long idea triggered at 1309.25 at B and we closed it 15 minutes later at the entry price with time running out and nothing happening:
