The markets gapped up on NFLX earnings and others and then literally flatlined the whole day on 1.6 billion NASDAQ shares. We had a tiny winner in the calls and the Opening Range plays didn’t do anything for once. The Institutional Range Plays did work. See ES section below.
Net ticks: +2 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 both ways and didn’t work:
NQ Opening Range Play triggered both ways and didn’t work:
ES Tradesight Institutional Range Play triggered long and worked:
NQ Tradesight Institutional Range Play triggered long and worked:
ES:
My call triggered long at 2115.25 at A and after more than an hour of not hitting the first target or the stop, I closed it for 2 ticks:
