Another day, another volume issue as the markets continue to struggle. The broad market gapped down a little and took an hour to fill, and that was the high, then we rolled and bit and bottomed out over lunch. 10 points of ES range on 1.4 billion NASDAQ shares.
Net ticks: -4 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:
NQ Opening Range Play triggered long at A and didn’t work:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered short at A at 2139.50, hit first target for 6 ticks, and stopped second half over the entry: