Another dead flat session with little volume. NASDAQ volume closed out at 1.4 billion shares, and the ES range was only 5 points. Our NQ trigger stopped twice, see that section below.
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 long triggered at 2852.50 at A and stopped for 7 ticks, and then again at B and stopped for 7 ticks:
