The markets gapped up and filled, then rallied back up, then plunged mid morning unexpectedly, then got back to highs and then settled into the middle of the range for the rest of the day on 1.6 billion shares. WE HAVE QUARTERLY FUTURES CONTRACT ROLL starting tomorrow. Opening Range plays worked, and the additional call never triggered on the NQ.
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:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: