The markets gapped down and were incredibly slow again to start, then finally made a move back up into the gap and closed around flat on 1.6 billion NASDAQ shares. We had four opening range plays and 2 other calls trigger. See ES and TF sections below.
Net ticks: -26.5 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:
First time I can recall that the ES and NQ triggered four Opening Range plays and none of them worked, but the ORs were so small that the stops were tight on each.
ES Opening Range Play triggered short at A and didn’t work ultimately, triggered long at B and didn’t work:
NQ Opening Range Play triggered long at A, which is still valid even though we were short the ES because this was into the gap, and didn’t work, then triggered short at B, which is also valid because we were in the same direction on the ES, and didn’t work:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered long at A at 2087.00, hit first target for 6 ticks, stopped second half under entry:
