The markets gapped down again, tried to rally for a few minutes, and this time headed lower on 2.3 billion NASDAQ shares.
Net ticks: +19 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 long at A and worked enough for a partial, triggered short at B and worked:
NQ Opening Range Play triggered long at A but too much risk to take, triggered short at B but too much risk to take under the rules:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: