A winner and a loser for about a wash on the NQ. The NASDAQ side gapped down due to AAPL and the broad market gapped up and never filled. The action was early as expected as the market settled in for the Fed announcement Wednesday. NASDAQ volume was 1.9 billion shares.

Net ticks: -1 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 3492.50 and stopped for 7 ticks. He re-entered and it triggered, hit first target for 6 ticks, and stopped at the same point:

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