We didn’t even touch a level on the ES, so we didn’t post any calls. There was a perfect trade in the NQ over lunch that no one that has taken the course should have missed. See that section below. Tomorrow is triple expiration, which is usually a bust, but we will see. Been a nice week. NASDAQ volume closed at 1.6 billion shares.
Net ticks: +0 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:
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.
The NQ came down and exactly set the Pivot/Value Area High, then broke into it for a nice short over lunch: