We rolled to the March 2014 (H4) contract between Thursday and Friday. And we had a nice winner to wrap up the week on the NQ. NASDAQ volume closed at a weak 1.5 billion shares.
Net ticks: +10 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 call triggered short at 1468, hit first target for 6 ticks, and kept going. His final stop out was 1461, although it did proceed across the Value Area to the gap fill:
