The markets gapped up to start the year and sold off as people could take their gains. NASDAQ volume was 6.5 billion shares.
Net ticks: +21.5 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 big:
NQ Opening Range Play triggered short at A but too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
