The markets gapped up and initially went higher for about 20 minutes, then rolled and filled the gaps, crossed the Value Area on the ES and then came back up late in the day to the open on 1.9 billion NASDAQ shares. Opening range plays worked, although the ES triggered short first and stopped, but both long worked. We also had a separate ES call that worked.
Net ticks: +10.5 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 didn’t work, triggered long at B and did:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered short at A at 1928.00, hit first target for 6 ticks, and stopped second half over the entry:
