The markets gapped up and ultimately filled and closed about flat on 1.6 billion NASDAQ shares. Opening Range plays worked, see that section below.
Net ticks: +12 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, now here’s an important lesson. The long trigger at A we don’t take because we were short the ES at the time. If I make exceptions to that, I state it in the Lab, but the only time I do is usually if the first trade to trigger is away from the gap and the second is into the gap. Also, in this case, that candle on the NQ 1 minute was exactly a Comber 13 sell signal. Triggered short at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Barely played with the UBreak all day, no point in a call:
