A little better range although volume was worse early as we start earnings season. Two calls triggered, one didn’t work, and one did. NASDAQ volume climbed after the Fed Chair spoke to Congress, but still closed only at 1.6 billion shares.

Net ticks: -4.5 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:


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.

Our long triggered at A at 3931.50 and didn’t quite make it to the first target and stopped. Our short triggered at B at 3926.00, hit first target for 6 ticks, and stopped second half over entry: