A winner from our regular calls, but the Opening Range plays failed both ways for the first time in a while. See the NQ section below. The markets opened fairly flat, tried both directions, and closed down just a little on 1.8 billion NASDAQ shares.

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:

ES and NQ Opening and Institutional Range Plays:

ES Opening Range Play triggered short at A and stopped, triggered long at B and stopped:

NQ Opening Range Play triggered long at A and stopped, triggered short at B and stopped although that might have triggered a little too far below the Opening Range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:


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.

My call triggered short at 4690.50, hit first target for 6 ticks, lowered stop three times and stopped 8 ticks in the money on the rest: