A choppy opening with a NASDAQ side that was stronger than the rest, but then everything sold off during lunch before recovering late in the session. NASDAQ volume was 1.6 billion shares, and the Fed announcement is Wednesday.

Net ticks: +0 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 short at A at 3073.00. After almost 20 minutes of doing nothing after entering the Value Area, he closed it out at even:

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