The markets gapped down big in response to the news out of Greece over the weekend. Initially, we headed back up (we did not fill the gaps), but then rolled back over. 90 minutes in, we were right where we started, and then over lunch, we broke lower and kept going…until we hit the key 2062.50 level on the ES. We even proceeded lower and closed at lows on 1.85 billion NASDAQ shares. The Opening Range plays worked great again, but with the gap, no other main levels were properly touched, so we made no extra calls.
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:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
