Couple of winners on the ES and NQ for the session. See those sections below. The markets gapped down big and eventually rallied back up most of the way on volume of 1.7 billion NASDAQ shares. There was a great YM Value Area setup (check below how it stopped right at VAL to the tick) but it never triggered.
Net ticks: +8 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 A at 1641.25, hit first target for 6 ticks, stopped second half under the entry:
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 long at 2982.00 at A, hit first target for 6 ticks, stopped second half 5 ticks in the money:
