Overview
The markets gapped down, tried to rally, failed back to lows, then came back again in the afternoon before selling off late and settling right at the VWAPs on 5.9 billion NASDAQ shares.
Futures:
ES Opening Range Play triggered long at A and worked:
NQ Opening Range Play triggered short at A and long at B, both too far out of range to take under the rules:
Note that after the gap down, the first stop heading up was at the LBreak/S1/Low of Previous day at A, and the second stop later was at the Pivot:
Note that we also closed on the VWAP:
Results: +11 ticks
Forex:
GBPUSD triggered short at A, hit first target at B, stopped second half over the trigger at C:
Results: +35 pips
Stocks:
Nothing from the report triggered.
UBER triggered short (without market support) and worked:
COST triggered long (with market support) and didn’t do much:
That’s 1 trigger with market support, and it didn’t work.