Big gap days are not our favorite. The markets gapped down so far that it took most of the Levels out of play in the ES. We only touched R2. We did push lower midday but then closed where we opened on just under 1.9 billion NASDAQ shares again. Mixed bag on the Opening Range plays.
Net ticks: +0 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 didn’t work, triggered long at B and eventually did if you wanted to wait that long:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: