The Opening Range plays were a little different today, and we had a regular call winner in the ES. See those sections below. The markets gapped down and didn’t will, pushing lower and recovering back to the VWAP in the second half on 1.8 billion NASDAQ shares.
Net ticks: +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 didn’t work. I didn’t take the short at B because the bar closed so far away from the Opening Range Low Boundary, but it worked:
NQ Opening Range Play triggered long at A and didn’t work. Triggered short at B and did:
ES Tradesight Institutional Range Play triggered short at A and worked:
NQ Tradesight Institutional Range Play triggered short at A and worked:
ES:
Triggered short at A at 2105.00, hit first target for 6 ticks, stopped second half for 4 ticks:
