The markets were as flat as I can recall until the last 20 minutes of the day, even including the (non) reaction to the Fed announcement. We gapped up and then at the end of the day filled the gap on 1.6 billion NASDAQ shares.
Net ticks: -16 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 stopped, triggered long at B and worked:
NQ Opening Range Play triggered short at A and stopped, which was a bummer because if the trigger hadn’t been so far below the ORL, it moved enough to get a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
