Big day for the Opening Range plays as the markets gapped down small, then rallied hard early. Unfortunately, once again, things were over after the opening hour or so as the rest of the day was a bust on 2.3 billion NASDAQ shares.
Net ticks: +50 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:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
