A flat opening and a back and forth day with market direction changing 7 times. NASDAQ volume was 1.7 billion shares. Opening range plays both worked, as did the main call. See ES section below.
Net ticks: +16 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 a full 25 minutes into the market and worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered short at A at 1997.25 going into the Value Area, hit first target for 6 ticks, and stopped second half over the entry: