The NQ opened flat while the ES gapped up and then the markets pushed higher early, flattened out through lunch, and then rallied a bit late on 1.7 billion NASDAQ shares. The Opening Range plays worked great, which was all I caught as I was on vacation. See that and ES section below.
Net ticks: -7 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 with Opening and Institutional Range Plays:
ES Opening Range Play triggered long at A and worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play triggered long at A and worked:
NQ Tradesight Institutional Range Play triggered long at A and worked, but I wouldn’t take that one because it moved so far to get the close of the candle for the trigger outside of the IR:
ES:
Mark’s call triggered long at A at 2057.25 and didn’t work. It would have worked the second time, but he didn’t re-enter:
