The markets gapped down, pushed up to fill the gap, and closed green, basically giving us the options unraveling move before flattening out on 2 billion NASDAQ shares.
Net ticks: -14 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 long at A and worked but too much risk to take under the rules:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: