The markets gapped up as earnings start to release, but then we were about as dead flat and uneventful as possible, again on 1.3 billion NASDAQ shares. Opening Range plays worked, but it is too dangerous in this environment to make additional calls.
Net ticks: +15.5 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 enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: