The markets gapped up, and the NASDAQ side immediately sold off to fill while the broad market held up. The two sides behaved completely differently until lunch, when they both dipped and then came back to the VWAP for the afternoon waiting for earnings. NASDAQ volume closed at 1.6 billion shares. Opening range plays worked.

Net ticks: +11 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 didn’t work, triggered long at B and did:

NQ Opening Range Play triggered short at A and worked great:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play: