The markets gapped down and filled and were all over the map initially, but then went higher on 2.5 billion NASDAQ shares. I said not to take the Opening Range plays because the range was too wide, and it was probably smart as the ES would have worked and the NQ would have stopped. We did have another winning call.
Net ticks: +2.5 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 would have triggered at A and worked:
NQ Opening Range Play would have triggered at A and not worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered short at A at 2132.25, hit first target for ticks, stopped second half over the entry: