The markets opened fairly flat and filled the minor gap early, then headed sharply lower so our Opening Range plays worked. You’ll note that the low of the day was a 13 Comber buy signal on the NQ and then we came back to the open. The rest of the day was flat until the last 30 minutes, when we broke out on volume. Must have been some news I didn’t see. NASDAQ volume closed at only 1.8 billion shares. We had a net winner in the ES, see that section below.
Net ticks: +5.5 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 at A and worked:
NQ Opening Range Play triggered at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
The call triggered short at A at 1986.00 and stopped for 7 ticks. We put it back in and it triggered shortly after, hit the partial for 6 ticks, and then we lowered the stop a few times and exited the final piece for 19 ticks: