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:
