The markets gapped down pretty big again but this time started heading up into the gap immediately and just ran. The Opening Range plays worked so well and for so long that it wasn’t really worth calling more trades. We filled the gap, tried to go higher over lunch, and then came back and settled on the VWAP on 2.25 billion NASDAQ shares.
Net ticks: +99.5 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 worked great, 1847.50 was final exit:
NQ Opening Range Play triggered long at A and worked great, 3967.00 was final exit:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
