A boring session to start as we waited for the Fed and then we spiked down on the announcement and came back to close at highs on 1.9 billion NASDAQ shares. I was unavailable so no calls, but the Opening Range plays worked. See that section below.
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, triggered long at B and worked:
NQ Opening Range Play triggered short at A and worked, but might have been too far outside the range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
