The markets gapped up a little and drifted down but didn’t quite fill the gap, then cupped out and ran a little at the close.
Net ticks: +4.5 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 and worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered long at A at 1937.50, stopped initially on a sweep, triggered again, hit first target for 6 ticks, closed second half at 1940.50 for 12 ticks for end of day:
NQ:
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 short at A 4179.50, hit first target for 6 ticks, stopped second half over the entry:
