The markets gapped up a litle, filled quickly, and proceeded lower in the morning session, but then the last half of the day was flat, just like most Fridays. NASDAQ volume was only 1.5 billion shares. We had a nice ES winner, see that section below.
Net ticks: +12.5 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 worked well again:
NQ Opening Range Play worked plenty and then stopped the rest:
ES Tradesight Institutional Range Play worked great:
NQ Tradesight Institutional Range Play worked great:
ES:
Triggered short at A at 2046.50 and stopped for 7 ticks. I put it back in, triggered short 10 minutes later, hit first target for 6 ticks, lowered the stop several times and stopped the final piece at 2038.25 for 33 ticks:
