The markets gapped up after the plunge on Monday and held up until after lunch in fairly tight range and then sold off sharply for the last hour to close in the red on 2.4 billion NASDAQ shares. The Opening Range plays worked great, so there was no need for main calls in the flat action. See that section below as we continue to take the easy trades in this volatility.
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 short at A and worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
