A winner in the NQ on the long side, which is interesting as we rolled to the downside after that. Volume was 1.6 billion NASDAQ shares.
Net ticks: +2.5 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 2969.50 at A, hit first target for 6 ticks, and stopped the second half under the entry without filling the gap:
