A winner and a loser as the market traded very light volume and drifted most of the session again. See ES and NQ below.
Net ticks: -1 tick.
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:
Mark’s call triggered short at A at 1503.25 and stopped for 7 ticks:
NQ:
Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.
My call triggered short at A at 2724 and hit first target for 6 ticks, lowered stop twice and stopped at the same number 6 ticks in the money:
