The markets gapped up, went higher, then reversed and cracked the lows, never filled the gaps, and the rest of the day was a joke on 2 billion NASDAQ shares.
Net ticks: +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 long at A and worked:
NQ Opening Range Play triggered long at A and worked but technically just a little too much risk to take under the rules:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My call triggered short at A at 2993.50 and stopped in the next minute, so by rule, we put the trade right back in and it triggered again and hit first target and I moved the stop over 2992.00 and stopped:
