The markets opened flat to a little higher, filled, and then came lower, bottoming out over lunch and then returning to the midpoint for the close on 2.1 billion NASDAQ shares.
Net ticks: +13 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 short at A and worked:
NQ Opening Range Play triggered short at A and would have worked eventually, but the trigger was 10 points below the ORL, so we don’t take it:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My call triggered short at A at 2159.75, hit first target for 6 ticks, lowered the stop and stopped out there as well on the second half:
