The market gapped up, filled, bounced, topped out on a Comber sell signal at the high of the day, then rolled for a perfect Value Area play, and sold off in the afternoon into negative territory on 2.3 billion NASDAQ shares.
Net ticks: +24.5 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 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:
ES: