The markets gapped down big after the Fed, tried to move up a bit, but in the end, this is triple expiration and the range was established early. We closed at the lows on 2.7 billion NASDAQ shares for triple expiration.
Net ticks: -1 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 didn’t work:
NQ Opening Range Play triggered long at A and worked great:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Triggered long at A at 1961.25 and stopped on a sweep. Triggered again at B, hit first target, stopped second half under entry. Triggered again at C, hit first target, stopped second half under entry. Just couldn’t head up in to the gap: