Another day with absolutely no setups. The markets gapped up and never came near the Value Areas or made any real attempts to fill the gaps (fortunately, we didn’t try to play the NQ attempt that failed). Almost didn’t touch a level for the session, and the ES was basically in a 7 point range. NASDAQ volume closed at 1.8 billion shares which makes the action all the more disappointing.
Net ticks: +0 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:
