More sweeps than I can recall seeing in a session as the ES and NQ couldn’t do anything right and volume was once again weak at 1.4 billion NASDAQ shares.
Net ticks: -21 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:
Triggered short at A at 1403.25 and stopped. Re-entered at B and stopped:
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 2731.00 and stopped: