The markets gapped up, banged around for a bit, then filled the gap and headed lower until after lunch (S4 was the low on the ES to the tick) and then came back up to the VWAP on 2.5 billion NASDAQ shares. Big day.
Net ticks: +79 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 triggered long at A but that’s not valid because we were short ES and this wasn’t into the gap, triggered short at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered short at A at 2807.50, hit first target for 6 ticks, adjusted the stop several times, locked in 126 ticks for final exit:
