The markets gapped up big and kept going early, not really giving the opportunity for a trade other than our Opening Range Plays, which worked again (see that section below). We eventually did roll over during lunch, filled the gap and more, and then recovered all the way to even on 2 billion NASDAQ shares.
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 Range and Institutional Range Plays:
ES Opening Range Play, triggered long at A and worked:
NQ Opening Range Play, triggered long at A and worked:
ES Tradesight Institutional Range Play, triggered long at A and didn’t work, triggered short at B and worked:
NQ Tradesight Institutional Range Play, triggered long at A and worked enough for a partial, triggered short at B and worked:
ES:
