A loser on the ES and a big winner on the NQ to start the week. See both sections below.
Net ticks: +12.5 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 long at 1501.50 at A 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.
Triggered short at A at 2739.50, hit first target for 6 ticks and then accelerated sharply to the downside. Moved stop over S2 and stopped at B for 33 ticks on second half:
