The markets gapped up, went higher, shook both ways on the Fed, and closed at the high on a light 4 billion NASDAQ shares.
Net ticks: +5.5 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:
NQ Opening Range Play triggered short at A and long at B but too far out of range to take for both:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: