The markets gapped down and wiggled all day before closing even on 5.3 billion NASDAQ shares.
Net ticks: +3.5 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 long at A and short at B, both worked, but both too far out of range to take:
NQ Opening Range Play triggered long at A, but too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My call triggered long at A at 2930.75, hit first target for 8 ticks. My update didn’t hit the feed, and the ES ran good from there, but we will only count the rule of moving stop under the entry once you hit the first target since I didn’t give another adjustment:
