The markets gapped down, immediately headed up, eventually crossed the Value Areas and filled the gaps, and then rolled again in the afternoon back to the open on a super-weak 1.3 billion NASDAQ shares as everyone appears to be waiting for earnings.
Net ticks: -1.5 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 great:
NQ Opening Range Play triggered short at A and stopped, triggered long at B and worked great:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Mark’s call triggered long on a stop at 2005.00 at A and stopped for 7 ticks. He put it back in and it triggered again 10 minutes later, hit first target, stopped second half 5 ticks in the money: