The markets gapped up and kept going a little on a weak 1.4 billion NASDAQ shares to start the week. We had a decent session. See the Opening Range and ES sections below.
Net ticks: +21 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 (very tight as the OR was small), triggered long at B and worked great:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered short at A at 2105.25, hit first target for 6 ticks, stopped second half over the entry. There was also a nice setup long over R1 right out of the program that we discussed in the Lab: