The markets gapped up and filled in about an hour and then did not much else for the rest of the day, closing on the VWAP (before dropping right after the stock market close) on 2.1 billion NASDAQ shares. Opening range plays worked, see that section below. I tried to post an ES call but it went too quick.
Net ticks: +30.5 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, and I suggested in the Lab holding this one a bit longer for the retest of the lower band:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
