The markets opened fairly flat, dipped for about 20, and then turned up, making the highs of the day over lunch and then drifting back to the VWAP on 1.8 billion NASDAQ shares. Opening Range Plays worked, see that section below.
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 long at A and I posted a close at 2083.50 instead of waiting for the full stop out because the markets had stalled at the NQ gap fill:
NQ Opening Range Play triggered long at A and worked great:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: