The markets gapped up big to start the week, never filled, and didn’t trade close to average range on 1.9 billion NASDAQ shares. The afternoon was a complete waste of time. Opening Range plays worked, and with the gap, the ES never really touched a key level in a way that gave us a setup. We did stick to 1875 for a bit.
Net ticks: +19 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:
NQ Opening Range Play triggered long at A and worked, triggered short at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: