Winners again on the Opening Range plays, but the market went dead flat again early and didn’t break out until the late afternoon. The only other call I posted didn’t look like it would trigger, but the markets suddenly dropped sharply in the last 30 minutes and got us a trigger and first target. See ES section below.
Net ticks: +2.5 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 long at A and went enough for a partial at B before stopping the second half under either the entry or the Opening Range High:
NQ Opening Range Play triggered long at A and went enough for a partial at B before stopping the second half under either the entry or the Opening Range High:
ES Tradesight Institutional Range Play triggered long at A and worked on a spike enough for a partial:
NQ Tradesight Institutional Range Play was even more fascinating, triggered long at A just over the boundary line and working great, but note that there were several candles earlier that tried to bust the range and couldn’t close outside of it:
Triggered short at A at 2032.75, hit first target for 6 ticks, and stopped second half over entry: