The markets gapped down, wiggled a bit early, reached up to almost fill the gaps, and then retreated to the lows, which they broke over lunch and stayed lower until the last minutes of the day when we rallied to hit the VWAP again on 1.7 billion NASDAQ shares. For the first time in months, we had a couple of stop outs on the Opening Range plays, but the regular call on the NQ worked.

Net ticks: +8.5 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:

ES and NQ Opening and Institutional Range Plays:

ES Opening Range Play triggered short at A but as we said in the room, that was 3 full points under the OR, so we don’t take. Triggered long at B and didn’t work:

NQ Opening Range Play triggered long at A and didn’t work. Triggered short at B and didn’t work:

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.

Triggered long at A at 4516.00, hit first target for 6 ticks, raised stop twice and stopped at 4521.50 for 11 ticks: