The markets opened close to flat (small gap up on the NQ) and pushed higher, recovering much of the loss of the prior day and were holding steady until Trump announced a new round of tariffs on China, and everything tanked back to fill the NQ gap and much lower fairly quickly. ES Value Area and PT play worked great early, as did the Opening Range Plays, which are the only ones we are counting here. NASDAQ volume was 2.7 billion shares.
Net ticks: +18 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 enough for a partial:
NQ Opening Range Play triggered long at A and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
