Couple of calls on another choppy session. Volume was better at 1.65 billion NASDAQ shares. Only one trade triggered, and it worked, but no follow through. See NQ section below.
Net ticks: +3 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.
Mark’s long idea triggered at A at 2651.75, hit first target for 6 ticks, and stopped the second half at the entry:
