NQ’s stopped us out twice before working a little. The first 2 hours were extremely dull on light volume, but then the market fell during lunch when a Fed member spoke about raising rates. We also had a nice 13 Comber buy signal on the ES for a pop. See those sections below.

Net ticks: -11.5 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:

ES:

Nice Comber 13 buy signal for a pop here:

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 short at A at 3603.00 three times (first two were back to back sweeps). The third time worked, but only to a partial and then stopped over the entry:

Share This