The markets opened flat and did nothing for the first two hours, then started heading up over lunch and rallied strong the rest of the day on 1.9 billion NASDAQ shares. The Opening Range plays slowed down finally, and there wasn’t much else to do since the move was over lunch.
Net ticks: -1 tick.
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 but I posted to close for 5 tick loss after it was taking too long to do anything and the NASDAQ side printed lows (would have worked some if kept):
NQ Opening Range Play triggered long at A and worked, triggered short at B and worked, although we won’t count the short since we were long the ES and this wasn’t into the gap:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: