A mixed bag on the Opening Ranges as the markets gapped down and the ES triggered both long and short, both stopped, but the NQs worked. Meanwhile, we were pretty flat for most of the session and then
Net ticks: +17 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 stopped, triggered short at B and stopped:
NQ Opening Range Play triggered short at A and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My call was a long over R1 at 1996.75 at A after it set beautifully on the spike on the release of the Fed minutes. This was also the 61.8% Fib retracement on the daily chart that we have been monitoring. Hit first target for 6 ticks, raised the stop several times, and stopped 28 ticks in the money:
