The markets gapped down and recovered a bit for 20 minutes then went flat until after lunch, and then popped up a bit in the afternoon although never filled the gaps on a weak 1.8 billion NASDAQ shares ahead of the Fed.
Net ticks: -7 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 worked:
NQ Opening Range Play triggered long at A (just barely on the right candle) and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
