One loser and two winners, one short the ES and one long the NQ, to end the week. Neither did anything beyond its first target as the ranges were narrow as expected for options expiration heading into a 3-day weekend. See both of those sections below.
Net ticks: -1.5 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:
My call triggered short at A at 1836.50, hit first target for 6 ticks, and stopped the second half AT the entry level (not over it):
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 call triggered long at A at 3600.00, sweeping the trigger and stopping. It triggered again at B hit first target for 6 ticks, and stopped the second half under the entry: