The markets gapped up and went higher early ahead of lunch, and that was the range of the day, even with the Fed announcement, which did nothing. NASDAQ volume was 4.3 billion shares.
Net ticks: +4 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 enough for a partial, triggered long at B but too far out of range to take:
NQ Opening Range Play, both triggers were too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
