A loser and a winner on the NQ for the session. See that section below. NASDAQ volume closed at 1.8 billion shares as the markets gapped down and rallied for options unraveling.

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:

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 A at 3269.00 and stopped for 7 ticks. He reset the trigger to 3270.00, which triggered at B, hit first target for 7 ticks, and stopped second half under the entry:

Share This