The markets gapped down, gave us the biggest volume warning of the week, crawled up to fill the gap, and then tanked on Trump’s tweets about China on 2.2 billion NASDAQ shares.
Net ticks: -48 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:
NQ Opening Range Play triggered short at A and stopped over the midpoint, triggered long at B but too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
