One loser and three winners for the session. See ES and NQ sections below for the recaps. The markets headed lower early and then spiked on the Fed announcement in the afternoon. NASDAQ volume was 2.0 billion shares.
Net ticks: +15 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:
ES triggered short at 1775.00 at A and stopped for 7 ticks. Triggered again at B, hit first target for 6 ticks, and closed second half at the gap fill for 8 ticks:
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 short in the morning triggered at A at 3451.00, hit first target for 6 ticks, and lowered stop a couple of times and stopped final half at 3445.25. In the afternoon, his long triggered at 3474.50, hit first target for 6 ticks, and stopped second half at 3477.50 for 6 ticks as well: