No futures calls for the last day of the quarter, although Value Area players could have made an easy gain on the NQ when it opened above the VA. The markets gapped up small, filled the gaps, then the ES headed up to fill the prior session’s gap, and that was the high. We closed about even as was expected for end of quarter window dressing on 1.7 billion NASDAQ shares. Free to move again tomorrow.
Net ticks: +0 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:
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.
