Mark’s call swept once and stopped, then he put it back in and it worked for a nice gain. See NQ below.
Net ticks: +4 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:
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 3554.00, stopped exactly to the tick right away (a sweep), so Mark re-entered, this time worked for a partial and much more, stopped the final piece at 3546 for 16 ticks: