The markets gapped down and were mixed in terms of direction (ES versus the NASDAQ) for the second day in a row. Ultimately, the NASDAQ side filled the gap. Opening Range plays were mixed and we had a small winner on the ES from another call. NASDAQ volume closed at 1.8 billion shares.
Net ticks: +6.5 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 enough for a partial, triggered long at B and stopped:
NQ Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and worked great:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered long at A at 1989.00, hit first target for 6 ticks, stopped second half under the entry: