Mark’s NQ trade triggered and stopped. The movement for the session occurred over lunch after a slow start. The other call didn’t trigger. NASDAQ volume was weak early but soared in the last hour to hit 1.7 billion shares.
Net ticks: -7 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 2842.50 and stopped for 7 ticks. He did not re-enter:
