A terrific session for futures. The Opening Range Plays worked in the ES and NQ (both directions each if you wanted), plus Mark had a nice call on the ES that worked. The markets gapped down and did not fill their gaps, heading lower instead on 1.9 billion NASDAQ shares.
Net ticks: +12 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, and later triggered short at B and worked if you wanted:
NQ Opening Range Play triggered long at A and worked enough for a partial, and later triggered short at B and worked if you wanted:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Mark’s call triggered short at A at 2055.00, hit first target for 6 ticks, and after lowering the stop several times, we stopped out 18 ticks in the money at 2050.50:
