Waste of a futures trading day as the markets gapped up and eventually filled, then bounced, then rolled, then bounced again on 1.9 billion NASDAQ shares.
Net ticks: -25 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 stopped, triggered long at B and stopped under the midpoint:
NQ Opening Range Play triggered long at A but not valid because we were short ES and this wasn’t into the gap:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
