The markets gapped up to start the short week, and the Opening Range plays worked great. See that section below. We filled the gap and closed flat on 2.1 billion NASDAQ shares.
Net ticks: +31.5 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 short at A and worked great, stopped out of final piece at B:
NQ Opening Range Play triggered short at A and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: