A loser on the ES and a winner on the NQ for the session. See both sections below as the market had a fairly flat session trading 1.8 billion NASDAQ shares.
Net ticks: -2 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:
Mark’s short triggered at A at 1461.50 and stopped for 7 ticks (missed first target by a tick):
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 long triggered at A at 2728.50, hit first target for 6 ticks, and stopped the second piece 4 ticks in the money. The trade triggered on the DELL news:
