The markets gapped up, sold off hard, and then went flat for the last four hours on 3.6 billion NASDAQ shares.
Net ticks: +24 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 but too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My call triggered short at A at 2900.75, hit first target for 8 ticks, stopped second half in the money at 2895.25: