A loser on the ES and a winner on the NQ as volume dropped off sharply again to only 1.3 billion NASDAQ shares (a Friday, plus everyone watching the Masters).
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 call triggered short at 1581.50 at A and stopped for 7 ticks. He did not re-enter:
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 2840.50 at A, hit first target for 6 ticks, lowered stop twice and stopped the second half 12 ticks in the money:
