Unfortunately, two stop outs on the NQ for the session, and the ES was dead flat in a 5-point range and wouldn’t give us an entry. See NQ below. NASDAQ volume closed at 1.75 billion, helped by Apple’s iPhone event news.
Net ticks: -14 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 A at 3179.00 and stopped. Mine triggered short at 3173.50 at B and stopped (heading into Value Area):
