The markets gapped up and didn’t do much for two hours, then dropped to fill the gap ahead of lunch and that was about it on 6 billion NASDAQ shares, which is reflective of options expiration.
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:
ES Opening Range Play triggered short at A and worked if you took it, but just slightly out of range under the rules:
NQ Opening Range Play triggered long at A but too much risk to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
