The markets opened flat and didn’t do much all day as expected. The ES was stuck in a horrible 6-point range on 1.4 billion NASDAQ shares.
Net ticks: -25 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 didn’t work, we used the midpoint for the stop:
NQ Opening Range Play triggered short at A and didn’t work, we used the midpoint for the stop, triggered long at B and eventually closed for a 2 tick loss out of boredom:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
