The markets opened close to flat, headed up a little, then rolled back down. We were in a narrow range on light volume all morning, then got stuck over lunch. Eventually, things started to slide in the afternoon. NASDAQ volume closed at 1.5 billion shares. Opening Range plays worked and mixed bag on another NQ trade that stopped once before working a little. Nothing special on a light volume day.

Net ticks: +21 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 enough for a partial:

NQ Opening Range Play triggered long at A and worked:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:


Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.

My call triggered short at A at 4337.25 and stopped, then triggered again and worked only to the first target: