An even lighter volume day in the market (only 1.35 NASDAQ shares traded) led to two trades that barely hit their partials and nothing more.
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:
ES:
A triggered that was meant for the morning triggered long at A at 1412.75 into the Value Area, hit the first target for six ticks, and stopped the 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.
Triggered short at A at 2762.00, hit first target for six ticks, and stopped the second half over the entry:
