A really great setup in the NQ ended up stopping, mostly because we just suffered through one of the most inactive, light volume days of the year. NASDAQ volume closed at 1.3 billion shares, probably not helped by the global terror warning.

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:

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 3129.00 with a great head and shoulders pattern, the Value Area, and the VAH lined up with the Pivot. About as good as they come, but when you don’t have volume…it stopped:

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