A clean trigger on the ES for the Value Area and gap fill, but also have a look at the NQ, which set the UPT from above on the opening 5 minute bar and worked great breaking under that into the gap as well. NASDAQ volume closed at 1.5 billion shares, and the markets ended basically flat for the session despite the nice opening hour.

Net ticks: +6.5 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 clean trigger on the ES for the Value Area and gap fill, but also have a look at the NQ, which set the UPT from above on the opening 5 minute bar and worked great breaking under that into the gap as well. NASDAQ volume closed at 1.5 billion shares, and the markets ended basically flat for the session despite the nice opening hour.

Net ticks: +6.5 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:

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.

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