Nice winner in the ES on the short side after the market gapped up and broke lower to fill the gap. It was a classic Value Area play. See ES section below.
Net ticks: +12.5 ticks.
As usual, let’s start out by taking a look at the ES and NQ with our market directional lines, VWAP, and Seeker:
ES:
Triggered short at A at 1350.75 breaking into the Value Area, then hit the first target for 6 ticks, then lowered the stop several times and stopped at 1346 at B for 19 ticks to final exit:
