A stop out and then a huge winner on the NQ for the session. See that section below as the markets rallied for triple expiration on 2.8 billion NASDAQ shares.
Net ticks: +14.5 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.
Mark’s call triggered long at A at 3516.50 and stopped for 7 ticks. He put it back in and it triggered at B, hit first target for 6 ticks, and he raised the stop several times and finally stopped at C at 3535.00 for 43 ticks to the final exit:
