Gains at least to the first target on the ES and NQ, see those sections below.
Net ticks: +5 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:
Mark’s call triggered long at A at 1397.25, hit first target for 6 ticks, stopped second half under the entry:
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 trade triggered long at A at 2713.00, hit the first target for 6 ticks, and stopped the second half under the entry: