Opening range plays worked both ways after the markets gapped down and wiggled around early on. The range was set early until the last two hours and then they strangely broke the market to the downside after lunch (on the last day of the month) on 2 billion NASDAQ shares. We had some website tech issues today so no official calls, but check out the ES section below for the obvious setup from the course.
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 long at A and worked, triggered short at B and worked:
NQ Opening Range Play triggered long at A and worked, triggered short at B and worked:
ES Tradesight Institutional Range Play worked:
NQ Tradesight Institutional Range Play worked:
ES:
Note the perfect setup under LPT from the cup and handle at A and B that triggered at C:
