Ended up with a winner on the NQs that triggered on the shooting at the Capitol, but I couldn’t get an early trade idea in fast enough, so that was all we got for the day. See that section below. NASDAQ volume closed at 1.7 billion shares.
Net ticks: +2.5 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.
Triggered short at A at 3207.00, hit first target quickly for 6 ticks, and within another couple of minutes was already heading back up as the news proved to be very little. Stopped the second half over the entry:
