A small winner to start the month in the NQ. See that section below. Volume was much improved in the markets, which traded 1.8 billion shares, up big from the last two weeks of summer nonsense. The markets gapped up, filled, went lower with two or three sell programs (the first in more than two weeks) and recovered to the VWAP late.

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:


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.

Triggered short at A at 4083.00, hit first target for 6 ticks, and stopped second half over the entry: