Three triggers, two small winners and a loser. See the NQ and ES sections below as the market continues to behave poorly on light volume.
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:
My call triggered long at A over the Pivot at 1660.50 and stopped. Mark’s short triggered at B at 1653.50, hit first target for 6 ticks, and stopped the second half at 1652.25 at C:
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 long triggered at A at 3086.50, hit first target for 6 ticks, and stopped the second half under the entry: