A clean winner (although it took longer than I like to see) in the ES for the session, and then the market basically stuck in the opening hour’s range on a weak 1.4 billion NASDAQ shares.
Net ticks: +7 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 1930.00, hit first target for 6 ticks, raised the stop twice and stopped the second half under R1 for 8 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.
