The markets gapped down small and headed up, establishing the range for the day mostly by lunch and going flat in the afternoon on 1.6 billion NASDAQ shares. We had a nice day in futures. See the ES and Opening Range sections below.
Net ticks: +28 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 worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered long at A at 2149.75, hit first target for 6 ticks, and after adjusting the stop, the second half stopped 8 ticks in the money: