Started out good with a nice ER winner early, but then two ES stop outs erased that as market volume went lighter again (not as bad as Monday though). NASDAQ volume was 1.6 billion shares.
Net ticks: -4.5 ticks.
As usual, we will start with the ES and NQ with our market directional lines, Seeker, and VWAP:
ES:
Mark’s short triggered at 1321.00 at A and stopped for 7 ticks. Long idea breaking into the Value Area and back above the Pivot for the gap fill triggered at B and stopped (great setup, no market action) for 7 ticks:
ER:
Triggered short under LPT at 780.20 at A, hit first target at B for 8 ticks, and lowered stop twice and stopped the final piece for 11 ticks:
