The markets gapped up and ultimately filled the gaps on a weak 1.4 billion NASDAQ shares to close the week. Opening Range plays were net winners and another call worked a little on the ES.
Net ticks: +10.5 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 stopped, triggered long at B and worked:
NQ Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Triggered short at A at 2044.75, hit first target for 6 ticks, stopped second half for 3 ticks: