The markets gapped down and kept going on Friday, although the afternoon was slow as to be expected. NASDAQ volume was 2.2 billion shares though, which is good. Nice Opening Range plays.
Net ticks: +17.5 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:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: