The markets gapped up, the NASDAQ came down while the broad market held, and then things turned up until lunch. Then, as expected, everyone left, and the rest of the day was dead flat on 6.2 billion NASDAQ shares.
Net ticks: +15.5 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, triggered long at B and worked:
NQ Opening Range Play triggered short at A but just a little too far out of range to take under the rules (I would still take this given the world we have been in):
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
