Another day, another set of winners for the Opening Range Plays. The markets gapped up and filled quickly, but then spent hours right in the opening range before dipping over lunch and then returning to the VWAP for the close on Russell Rebalancing. NASDAQ volume was 2 billion shares.
Net ticks: +0 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: