The markets gapped up and sold off quickly, giving us nice Opening Range plays. I posted an NQ call that missed the first target by a tick and then stopped, and I didn’t put it back in but it worked great the second time. The markets rallied midday and came back after lunch on 2 billion NASDAQ shares, strangely the best of the week.
Net ticks: +14 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:
NQ Tradesight Institutional Range Play:
NQ:
Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.
Triggered long at A at 4326.00 and stopped. I did not put it back in but should have, as it worked perfectly on the next attempt:
