Mixed bag on the Opening Range plays as the NQ triggered short and stopped and then long and stopped, but the ES only triggered long and worked great to make up for it. We also had a winner on the ES. See that section below. The markets gapped up and kept going to start the week on 1.8 billion NASDAQ shares.
Net ticks: +2.5 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 short at A and didn’t work, triggered long at B and didn’t work:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered long at A at 1963.75, hit firs target for 6 ticks, and stopped second half under the entry: