The markets gapped up, filled the gaps in the first hour, and then picked up speed to the downside on 3.5 billion NASDAQ shares. The early ranges were too big to take the OR plays, but the LBreak and LPT plays on the ES both worked great.
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 short at A but too far out of range to take under our rules:
NQ Opening Range Play triggered short at A but too far out of range to take under our rules:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
