The markets gapped up, tried to go higher for 15 minutes, and then sold off sharply all day on 3.4 billion NASDAQ shares.
Net ticks: +12.5 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 long at A and worked, triggered short at B and worked:
NQ Opening Range Play triggered long at A and worked but too far out of range (just by a tick or 2, you really should have taken it, but we didn’t count it), triggered, short at B but too far out of range:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES: