The markets gapped down and after a boring first hour, kept going finally. NASDAQ volume was 2 billion shares, so after a disappointing slowness to the first week back from Labor Day, I’m guessing next week is good for us.
Net ticks: +7 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 technically triggered short at A and worked, but sticking with the hard and fast rules, you wouldn’t take this because you were already long the NQ and this was not into the gap:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: