With the gap and expected volatility, I passed on the Opening Range plays (although the ES Institutional Range play would have worked great). The markets recovered about 75% of the drop and then stalled out over lunch and picked up speed to the downside later in the session on 3.2 billion NASDAQ shares.
Net ticks: +0 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 if you were interested:
NQ Opening Range Play triggered long at A but was way too far outside the range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
