This could end up being the slowest week of the year with people on summer vacation. The markets gapped up to start the week, and the ES broke through R1 and never touched another level. The last 5 hours of the day traded in a 3 point ES range. NASDAQ volume closed at 1.2 billion shares.
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:
