The markets gapped down big again, pushed up early, and then sold off more over lunch, but were flat for the last two hours. NASDAQ volume was 2.3 billion shares. The Opening Range plays made us huge money again. See that section below. We are now officially counting the Opening Range plays based on the basic system that we teach in the course for entry and exit.
Net ticks: +15 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 lost 13 ticks, triggered long at B and made 13 ticks:
NQ Opening Range Play triggered long at A and made 15 ticks:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
