The markets gapped down huge and basically went flat for the first hour. Volume looked good but was mostly due to a couple of stocks that had earnings and were trading heavy as a response. We then broke to the downside a bit, recovered over lunch some of the loss, and reversed for the close, where the ES closed on the VWAP/midpoint/open price on 1.6 billion NASDAQ shares. No official calls, but the Opening Range and Institutional Range plays worked both ways.

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:

NQ Opening Range Play:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play: