The markets gapped up, pulled back, and then went a bit higher for 30 minutes, then went dead flat for the rest of the session on a light 1.6 billion NASDAQ shares to start the week. Nice gains from the Opening Range Plays. I made an additional call, but it didn’t trigger.
Net ticks: +25 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 stopped, triggered long at B and worked:
NQ Opening Range Play triggered short at A and worked great, triggered long at B and worked great:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: