The markets gapped up and were mixed early. Opening Range plays had minor results, see that section below. We did not fill the ES gap (NQ did) and headed up, topping out over lunch and drifting back to the VWAP on 1.7 billion NASDAQ shares as things are still light since the storm back East. We had a small winner in the ES, see that section below.
Net ticks: +2 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 too far outside of the range for me to take:
NQ Opening Range Play triggered short at A, went enough for a partial, and stopped the second half for basically a net wash:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Triggered short at A at 1877.00, hit first target for 6 ticks, and stopped second half over the entry: