The most boring opening hour of trading in a while, but then things did move a bit even though volume was poor early. Strangely, the pace of volume increased all day, which is unusual, and we closed at 2.0 billion shares (albeit, right back where we opened, which was flat from the prior session to begin with). See ES and NQ sections below for the trade recaps.
Net ticks: -4.5 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 1936.00 and stopped for 7 ticks. I did not put it back in although that would have worked, but volume was just dead:
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.
Triggered log at A at 3982.00, hit first target for 6 ticks, and stopped second half under the entry:
