Markets gapped up and were flat early, then finally filled the gaps over lunch and went lower, closing near the lows on 1.9 billion NASDAQ shares, but AMAT traded 190 million more than usual, so really about 1.7 billion. Opening Range plays worked, and then see the ES section below for a flat trade.
Net ticks: +0 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, triggered long at B and didn’t work:
NQ Opening Range Play triggered long at A and worked. Short trigger was too late in the session:
ES Tradesight Institutional Range Play triggered short at A and worked:
NQ Tradesight Institutional Range Play triggered short at A and worked:
ES:
Call triggered short at A at 2113.25, took 15 minutes to do anything, so I closed it even:
