The markets gapped up and headed lower, with the ES and NQ Opening Range plays both working. We added another call on the short side about 20 minutes in that worked nicely for the gap fill, and NASDAQ volume closed the session at 1.7 billion shares, boosted by some stocks that reported earnings.
Net ticks: +11.5 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:
