The markets gapped up this time and we got mixed action on the Opening Range plays. See that section below. There was a nice Value Area setup that we called although it only played out as a small winner. The markets were really slow all afternoon, and NASDAQ volume closed at 2.2 billion shares.
Net ticks: -20.5 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 stopped. Triggered short at B and stopped:
NQ Opening Range Play triggered short at A and worked enough for a partial. Triggered long at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Perfect Value Area setup triggered short at A at 1851.75, hit first target for 6 ticks, and stopped second half above the entry:
