The markets gapped up and sold off to fill the gaps quickly and the rest of the session was a flat joke with one dip lower very briefly. Opening Range plays worked great, and with the low 10-day TRIN moving average, the short direction was very high probability after the gap up. NASDAQ volume was 1.45 billion shares.
Net ticks: +14.5 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 short at A and worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
