That’s about right. The markets gapped up for expiration Friday and were doing about what you’d expect (nothing) for over an hour. It would have been a complete waste of a session as expected except then Ukraine attacked a Russian envoy and the market tanked hard, filling the gap and more, before recovering to the VWAP for the close on 1.6 billion NASDAQ shares.
Net ticks: -7 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:
Triggered short at A at 1956.75 and stopped for 7 ticks. We did not put it back in because it was expiration Friday, but with the news out of Ukraine, the retrigger would have been a huge winner:
