The markets gapped up and wiggled both ways. This was the lightest non-Holiday volume day of the year at barely 1.4 billion NASDAQ shares. We did eventually fill the gaps. No point in making additional calls like that. Mixed results on the Opening Range Plays.
Net ticks: -8.5 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 short at A and didn’t work, triggered long at B and did:
NQ Opening Range Play triggered short at A and didn’t work and I posted to use the midpoint of the OR for the stop because the range was wide, triggered long at B and did:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
