The markets gapped down and pushed lower, looking like they were setting up for something exciting, but then came back up to fill the gap and that was it for the session until a dip in the afternoon on 1.5 billion NASDAQ shares. Opening Range plays worked.
Net ticks: +11 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 short at A and didn’t work, I posted to use the midpoint as the stop. Triggered long at B and worked:
NQ Opening Range Play triggered short at A and worked, triggered long at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: