Always nice to start the year green, and the Opening Range plays worked for us. The markets gapped down big on global issues, but the intraday trading wasn’t very volatile and we closed barely below where we opened. We didn’t trade anywhere near average daily range. The good news is that volume was back to 2 billion NASDAQ shares, so we’re off to the races there. Things will hopefully improve as the week unfolds, and hopefully we don’t get big gaps every day. Our main trade call never triggered.
Net ticks: +17.5 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:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
