Well, we talk about the importance of tri-star levels as magnets or targets. The markets gapped up and the ES was very near the key 1937.50 level at the open, and basically sat on it all day without touching another level. The Opening Range plays worked. A really boring session otherwise. NASDAQ volume was 1.6 billion shares.
Net ticks: +11 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 long at A and worked:
NQ Opening Range Play triggered long at A and worked, if you were willing to take it since the trigger was a bit outside of the range:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: