Mark called a nice setup on the NQ that swept once and worked the second time, but the overall day was disappointingly slow. We traded about 2/3rds of average daily range on the ES and NQ. NASDAQ volume closed at 1.8 billion shares. See NQ section below.

Net ticks: -1.5 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 long at A at 3589.50 and stopped on a sweep. The re-entry triggered a little later, hit first target and more, Mark raised the stop and stopped the second half in the money:

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