Two nice setups for the Value Areas on the ES and NQ. One worked enough to fill the gap (NQ) and one didn’t (ES). See both sections below. The markets sold off hard again and traded 2.4 billion NASDAQ shares.

Net ticks: +1 tick.

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 long at A at 1857.00 and stopped. Put it back in but it didn’t trigger again:

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 long at A at 3523.50, hit first target for 6 ticks, raised stop twice and stopped at 3528.50:

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