The first loser in a while and a small winner for the session. See ES and NQ sections below. NASDAQ volume closed at 1.8 billion shares. The markets gapped down and the ES never quite filled. The session was narrow, mostly watching the AAPL announcement, until late, and then sold off a bit.
Net ticks: -4.5 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:
Triggered short at A at 1991.75 and stopped:
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 short at A at 4077.50, hit first target for 6 ticks, and stopped second half over the entry: