Another nice day for the Opening Range plays. Markets gapped down and filled, tried to go higher and then reversed on the release of the Fed minutes from the last meeting. We closed in the lower half of the range on 1.8 billion NASDAQ shares.

Net ticks: +15 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 but we don’t take that because we are already long the NQ at the time and this isn’t into the gap, triggered long at B and worked:

NQ Opening Range Play triggered long at A and worked:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:

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