The markets gapped up a little and filled quickly, giving us nice Opening Range plays (in sync with the Value Areas). The rest of the day was fairly unexciting, trading about half of a normal range and the NQ staying mostly inside the Value Area on a weak 1.6 billion NASDAQ shares (with an early volume warning). There might have been a slight boost in that volume number due to a minor options unravel, but it didn’t add up to much. No other calls again based on the setups. Slow week, but nice OR plays, see that section below.
Net ticks: +21.5 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 short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
