Yet another very light volume session with a dead flat opening hour. The futures eventually headed up to fill the gap and the ES did. There was a perfect Value Area setup on the NQ, but it didn’t trigger. We ended up trading average daily range on 1.5 billion NASDAQ shares and closed mid-range.
Net ticks: -11 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 enough for a partial:
NQ Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and didn’t work:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: