Markets gapped down, headfaked a move up to fill, and then rolled to the downside for the first hour and that was most of the move for the session on 1.7 billion NASDAQ shares. The Opening Range plays triggered one way and didn’t work and another and did. We had a separate ES call that worked. See those sections below.
Net ticks: +12.5 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 long at A and didn’t work, triggered short at B and did:
NQ Opening Range Play triggered long at A and didn’t work, triggered short at B and did:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered short at 2031.00, hit first target for 6 ticks, lowered stop a few times and stopped the second half at 2026.25 for 19 ticks:
