A gap and run session that just kept going and never set any levels, then gave us Comber sell signals, and then couldn’t even retrace to the VWAP. See ES and NQ below.
Net ticks: -14 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 1643.00 and stopped for 7 ticks, 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 A at 2988.50 and stopped for 7 ticks, did not re-enter:
