The markets opened down a little to start the quarter and rallied most of the day after a headfake to the downside. Unfortunately, the Opening Range Plays triggered to the downside first, which stopped, before they triggered and ran to the upside to make up for it or it would have been an even bigger day. We also had a separate winner on the ES. See that section below. NASDAQ volume was 1.6 billion 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 short at A and didn’t work, triggered long at B and worked great:
NQ Opening Range Play triggered short at A and didn’t work, triggered long at B into the gap (preferred direction) and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered long at A at 2047.00, hit first target for 6 ticks, stopped second half 4 ticks in the money:
