An interesting session. We gapped down and unfortunately, the markets headfaked first back up into the gap, then rolled and the rest of the day was to the downside on 2.2 billion NASDAQ shares. Doesn’t look good out there.
Net ticks: -8 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:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered long at A and stopped, triggered short at B and worked great:
NQ Opening Range Play triggered long at A and stopped, triggered short at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: