The markets gapped down big again for options expiration. Our Opening Ranges plays were big again, and with expiration and the gap, we didn’t make any additional calls. The market tried the highs and lows and settled on the midpoint (shocker) over lunch and beyond on 2.7 billion NASDAQ shares.
Net ticks: +30 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 worked very nicely:
NQ Opening Range Play triggered long at A and worked very nicely:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
