The markets gapped down and ultimately kept going, although the trades into the gap looked better, but never triggered. Opening Range plays worked, see that section below. NASDAQ volume was 1.9 billion shares.
Net ticks: +8 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, triggered long at B and worked:
NQ Opening Range Play triggered long at A and worked a little, triggered short at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: