A sweep/stop and then a winner on the ES, plus some terrific Opening Range plays on both the ES and the NQ. The markets opened flat and pushed lower for most of the session on improved volume of 1.8 billion NASDAQ shares.
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 triggered short at A and worked:
ES Tradesight Institutional Range Play triggered short at A and worked but might have been a little too far below the IR for the trigger to justify taking:
NQ Tradesight Institutional Range Play triggered short at A and worked but might have been a little too far below the IR for the trigger to justify taking:
ES:
Triggered short at A at 2077.75 and stopped on a sweep. Put it right back in and it triggered a few minutes later, hit first target for 6 ticks, and lowered the stop several times and stopped the second half 32 ticks in the money at 2070.25:
