We got the Supreme Court ruling on the ACA, and it really didn’t generate the market excitement either way that I was expecting, at least until the last 45 minutes or so. Volume closed out weak again at 1.6 billion NASDAQ shares, and we had a couple of nice setups that couldn’t get going at all. See the ES section below for the recap.
Net ticks: -1.5 ticks.
As usual, let’s start with a look at the ES and NQ with our market directional lines, Seeker, and VWAP:
ES:
Mark’s out-of-the-gate ES short triggered at 1315.00 at A and stopped. That trade was not valid again. The next short triggered at 1312.00 at B, hit first target for six ticks, and we closed the second half at 1308.50 for 14 ticks when the market died and volume dropped off at C. Later triggered a new trade short under 1308.00 at D which stopped. Finally, the breakout over S1, LPT, LBreak triggered long at E at 1320.75, hit first target, and stopped the second half under the entry:
