One winner that hit a first target and then rolled back on the NQ and that’s it as the market gave us a typical Fed meeting day. See NQ section below. NASDAQ volume was 1.9 billion shares. Tomorrow is the last day of January.

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:

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.

Triggered long at A at 2748.00, hit first target for 6 ticks, stopped second half under the entry: