The markets gapped down and the ES filled early. NQ was a flat mess for hours. Opening Range plays, one worked and one didn’t. Two regular calls posted but only went to the first target. NASDAQ volume closed at 1.65 billion shares again.
Net ticks: +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:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Triggered short at 2066.75, hit first target for 6 ticks, stopped second half over the entry:
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 long at 4637.00 at A, hit first target for 6 ticks, stopped second half under the entry: