Another not-so-interesting session on a gap up during earnings. Three trades trigger, 2 winners, and 1 loser. See ES and NQ sections below.

Net ticks: -2.5 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:

Triggered short at A at 1780.00 and stopped for 7 ticks. Triggered again, hit first target, second half stopped over entry. The better play was the cup and handle long breakout over 1785.50:

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.

Mark’s call triggered long at 3515.00 at A, hit first target for 6 ticks, and stopped second half under the entry:

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