Big winners again on the Opening Range plays as the market gapped up and then headed lower. The volume looked good and closed at 1.9 billion NASDAQ shares, but the range of the session was defined in the first hour on the NASDASQ and the Lower Pressure Threshold was the low on the both the ES and NQ.
Net ticks: +0 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 great:
NQ Opening Range Play triggered short at A and worked great, but I did not take this one as the trigger candle closed 8 points (not ticks, points) below the OR Low:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
