Two winners as the market moved pretty well early, despite some back and forth again. Volume closed at 1.9 billion NASDAQ shares, and the S&P closed dead flat for the session. See NQ and ER sections below.
Net ticks: +13 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:
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.
Mark’s call triggered short at 3685.50 at A, hit first target for 6 ticks, and stopped second half for 6 ticks also:
ER:
Triggered short at A at 1173.10, hit first target for 8 ticks, and stopped second half in the money for 6 ticks. Note the 13 Comber sell signal right at the high:
