The markets gapped up and filled ahead of the Fed, and then spiked down and back up, and about 45 minutes later pushed out to highs and kept going. We had nice opening range plays and a nice call that worked after the Fed announcement. NASDAQ volume was only 1.8 billion shares. See ES section below.
Net ticks: +17 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:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered long at A at 2060.25, hit first target for 6 ticks, and raised stop several times and stopped final at 2067.25 for 28 ticks:
