The markets gapped down and filled, then rolled negative for the session without any real urgency as we settled in for the Fed tomorrow on 1.7 billion NASDAQ shares. Opening Range Plays worked great.
Net ticks: +26.5 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 worked, triggered short at B and worked:
NQ Opening Range Play triggered long at A and worked, I did not take the short because it was almost an hour into the market when it triggered, but it would have worked too:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: