What could have been a nice day wasn’t that interesting when the ES OR play stopped out early before working great. Markets gapped up and sold off sharply as AAPL broke 52-week support and took everything down. We did recover a bit in the afternoon. NASDAQ volume was 1.7 billion shares. See ES below and Opening Range sections below.

Net ticks: +2 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 out with another narrow Opening Range. The long at B we don’t take under the rules because we were still short NQ and it wasn’t in the direction of the gap:

NQ Opening Range Play triggered short at A and worked:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:

Triggered short at A at 2063.25, hit first target for 6 ticks, stopped second half over the entry just barely, which was a bummer because it went on for a big move:

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