With the gap and expected volatility, I passed on the Opening Range plays (although the ES Institutional Range play would have worked great). The markets recovered about 75% of the drop and then stalled out over lunch and picked up speed to the downside later in the session on 3.2 billion NASDAQ shares.

Net ticks: +0 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 if you were interested:

NQ Opening Range Play triggered long at A but was way too far outside the range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play: