Futures Calls Recap for 8/31/20

Every time we think the market can't get any flatter, it does. We opened flat and closed flat with two waves of selling. NASDAQ volume was 3.5 billion shares.

Net ticks: +4 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 enough for a partial:

NQ Opening Range Play both triggers were too far out of range:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Futures Calls Recap for 8/28/20

The markets opened flat and mostly stayed flat all day until a late rally in the last hour on a weak 3 billion NASDAQ shares.

Net ticks: +11 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 stopped over the midpoint:

NQ Opening Range Play:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Futures Calls Recap for 8/27/20

The markets basically opened flat, wiggled both ways early, sold off on volume, then recovered in the afternoon and closed about where they opened on 3.5 billion NASDAQ shares as we head into the end of month mark-up for statements.

Net ticks: +19 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 enough for a partial, triggered long at B and worked:

NQ Opening Range Play triggered short at A but too far out of range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Futures Calls Recap for 8/26/20

The markets gapped up and went higher as FANG stocks again led the way even though the advance/decline ratio was negative. Volume was a weak 3.4 billion NASDAQ shares.

Net ticks: +10 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:

NQ Opening Range Play:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Futures Calls Recap for 8/25/20

The markets gapped mixed (ES up, NQ down) and didn't do much all day again (we were still in the opening 5 minute candle after lunch), then drifted higher on 3.4 billion NASDAQ shares.

Net ticks: +4 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 enough for a partial:

NQ Opening Range Play triggered short at A and long at B but too far out of range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Futures Calls Recap for 8/24/20

The markets gapped up and the ES put in another flat day while the NASDAQ sold off as the TSLA situation unravels on 3.8 billion NASDAQ shares.

Net ticks: +7.5 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 short at A and worked:

NQ Opening Range Play triggered long at A and worked, but not valid under the rules since we were short the ES:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Futures Calls Recap for 8/21/20

The markets opened flat and did nothing most of the day, although there was a slight drift up after lunch. NASDAQ volume was 3.9 billion shares, which was light for options expiration.

Net ticks: +8 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 enough for a partial, triggered long at B and worked enough for a partial:

NQ Opening Range Play, both directions triggered but too far out of range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Futures Calls Recap for 8/20/20

The markets gapped down, came back up, TSLA carried the NASDAQ, and the ES closed slightly positive on 4.2 billion NASDAQ shares.

Net ticks: +10.5 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 worked:

NQ Opening Range Play triggered long at A but too far out of range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Futures Calls Recap for 8/19/20

The markets opened flat, tried to go up, stuck in a narrow range (again) and then sold off sharply after the minutes of the last Fed meeting were released on 3.4 billion NASDAQ shares.

Net ticks: -23 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 stopped, triggered short at B and stopped eventually:

NQ Opening Range Play both triggers were too far out of range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Futures Calls Recap for 8/18/20

The markets gapped up, tried to go higher, sold off hard on volume, then drifted higher without volume on 3.2 billion NASDAQ shares.

Net ticks: +23.5 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 worked, triggered short at B and worked:

NQ Opening Range Play triggered long at A and short at B but both too far out of range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES: