The markets gapped down big and were pretty slow early with a slightly upward bias. It eventually shot up for the NASDAQ side to fill the gap and that was the high. The ES never made it. NASDAQ volume closed at 1.7 billion and we spent the second half of the day doing nothing and closed on the VWAP. Trades in the ES and the NQ, plus the Opening Range plays worked great again.

Net ticks: +9.5 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 triggered short at A and worked enough for a partial:

NQ Opening Range Play triggered long at A and worked great:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:


Mark’s call triggered long at A at 2066.25, hit first target for 6 ticks, and then he raised the stop a couple of times and stopped 17 ticks in the money at 2070.50:


Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.

My call triggered long at A at 4667.50 and stopped, then we put it back in and triggered again at B, hit first target for 6 ticks and closed second half at 4669.50:

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