Winners and losers, but a nice setup that eventually led to a big winner in the ES. Opening range plays also worked well. See all section below. NASDAQ volume closed at 1.8 billion shares and the market closed flat.
Net ticks: +17.5 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:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Triggered short at A on a sweep and stopped, put it back in and triggered on another sweep at B and stopped, set the trigger again at C, triggered at D, hit first target for 6 ticks, filled gap, stopped second half at E:
Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.
Triggered short at A and stopped. Put it back in and triggered soon after, hit first target, stopped second half over entry: