The markets gapped up and split early (NQ strong, ES weak, but then the broad market turned up a bit while the NASDAQ side sat, and it was a boring morning and session after that on 1.6 billion NASDAQ shares. Opening Range plays worked.
Net ticks: +14.5 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, triggered long at B and worked:
NQ Opening Range Play triggered long at A (and worked) but I didn’t take it under the rules because it was away from the gap and we were already short ES:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: