Another wasted session in general as NASDAQ volume hit a low close of 1.2 billion shares as everyone awaits the situation in Syria and the long weekend. One call stopped, see NQ below.
Net ticks: -7 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.
Triggered long at A at 3073.00 and stopped for 7 ticks. I did not re-enter given the volume problems: