The markets gapped down and were extremely flat early for mixed results on the Opening Range plays before finally heading down, then back to sweep the highs late in the lunch hour, and then back to the open for the close on 1.8 billion NASDAQ shares.

Net ticks: +1.5 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 long at A and didn’t work, triggered short at B and did:

NQ Opening Range Play triggered long at A and didn’t work, used the 50% OR line for the stop due to the range of the Opening Range, and then triggered short at B and worked:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:

Mark’s long call never triggered into the gap:

Share This