The markets gapped up, the NASDAQ side was stronger, while the ES filled. We then rallied early and once again, that was about it as we wait for more earnings on 1.6 billion NASDAQ shares. Remember that volume might look better but it is concentrated in a few stocks reacting to earnings.

Net ticks: +7 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, I did not take the long (posted):

NQ Opening Range Play triggered short at A and didn’t work, triggered long at B and did:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:

My call triggered long at A at 2163.25 (over UPT) and hit first target for 6 ticks, stopped second half 3 ticks in the money:

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