A clean winner for another limited session of trading during summer earnings. See the NQ section below. NASDAQ volume closed at an improved 1.7 billion shares.

Net ticks: +11 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 short at A at 3981.50, hit first target for 6 ticks, lowered stop a couple of times and stopped final piece at 3973.50 (note we spent the rest of the day in the Value Area):

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