The markets gapped up and held, drifting a bit higher for the session but covering barely half of average daily range. The nice setup for the gap fill didn’t trigger. We had nice Opening Range Play winners though. NASDAQ volume closed at 1.9 billion shares as the markets wait for the Fed tomorrow.
Net ticks: +0 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 worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Nice setup for a trigger short under UPT for the gap fill, but it didn’t trigger: