The markets opened fairly flat despite all of the data (Trade Balance and NFP) and then rallied for most of the session on 1.7 billion NASDAQ shares. Our Opening Range plays worked huge again.
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 and Institutional Range Plays:
ES Opening Range Play triggered long at A and worked great again:
NQ Opening Range Play triggered long at A and might have been too far above the boundary to take, but it worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
