The markets gapped up and started out dead flat for over an hour, then headed down to fill the gap, and was sitting around even coming out of lunch, and then picked up speed to the downside on 3.8 billion NASDAQ shares.
Net ticks: -14 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, but too far out of range to take under the rules, triggered short at B and stopped over the midpoint:
NQ Opening Range Play, both triggers were too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: