The markets gapped up and pushed higher initially, then swept the lows but did not fill the gaps, then drifted back up to sweep the highs late in the session but didn’t do much else on 1.9 billion NASDAQ shares.
Net ticks: -20 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 stopped, triggered short at B and stopped:
NQ Opening Range Play triggered short at A and worked enough for a partial, valid because it was into the gap even though we were long the ES, triggered long at B and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: