The markets gapped down and early volume was very light. We had a loser and a winner in the ES Opening Range plays, see that section below. NASDAQ volume closed at 1.5 billion shares on a generally flat day as we push deeper into earnings. No technical setups occurred to call.
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 didn’t work, triggered long at B and worked great:
NQ Opening Range Play trigger would have been far too far out of the opening range to take at A:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: