The markets gapped down, although the NASDAQ side was much worse due to AAPL. We were split for a bit and then headed lower, then recovered to highs ahead of lunch and sat there until the Fed. The announcement didn’t do much initially, but then we picked up some downside speed. NASDAQ volume closed at 1.9 billion shares.
Net ticks: -42 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 stopped, triggered long at B and stopped:
NQ Opening Range Play triggered long at A and stopped, triggered short at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
