A nice day for futures with winners in the Opening Range plays plus two more trade calls that worked on the ES. The markets gapped down, pushed lower, then reversed to fill the gap and push even higher over lunch, and then retraced to the VWAP area for the close again on 1.5 billion NASDAQ shares.
Net ticks: +12.5 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 worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My first call triggered long at A at 2105.00, hit first target for 6 ticks, stopped second half under the entry. Then later, the short call triggered at B at 2112.50, hit first target for 6 ticks, lowered stop a few times and stopped final piece 14 ticks in the money:
