The markets gapped down, went lower for a bit, came up to fill the gap, stayed in the Value Area for most of the day, and then rallied late on 3.9 billion NASDAQ shares.
Net ticks: +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 but all too far out of range to take:
NQ Opening Range Play triggered but all too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered long at A, hit first target for 8 ticks, and stopped the second half a couple of ticks in the money: