A winner on the NQ and a wash-trade on the ES in a very light volume session that only got to 1.4 billion NASDAQ shares because there was a spike when the minutes of the last Fed meeting came out at 2 pm EST.
Net ticks: +5.5 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:
ES:
Mark’s short triggered at 1643.75 at A and he closed it about 45 minutes at the entry price after it went nowhere and volume was awful:
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 called triggered long at A at 2983.00, hit first target for 6 ticks, stopped second half in the money for 5 ticks:
