The markets opened fairly close to flat and went opposite directions (NASDAQ up, broad market down), then synced up to the downside but most of the action was over by 90 minutes in except for a drop right out of lunch for 5 minutes that recovered. Opening Range plays worked. See that section below.
Net ticks: +9 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 stopped. Triggered short at B and worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: