We made a regular call, but the volatility is still so crazy that it triggered immediately, we hit the first target, and stopped out of the second half in 5 minutes or less. See ES section below. The markets gapped up, drifted lower, bottomed out over lunch, but then rallied to highs on 2.4 billion NASDAQ shares in the afternoon. The gap is NOT filled.
Net ticks: +2.5 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 didn’t work, triggered short at B and did:
NQ Opening Range Play triggered long at A, which I said was too far outside of the range to take, but then triggered short at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered short at A at 1906.00, hit first target for 6 ticks, stopped second half over entry:
