The markets gapped up, didn’t do much early, started to roll to the downside, then lifted to highs ahead of lunch. During and after lunch, the ES settled into the range of the opening 5 minute candle and just sat there on 4.1 billion NASDAQ shares.

Net ticks: -19 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 but too far out of range to take triggered long at B and stopped under the midpoint:

NQ Opening Range Play triggered long at A but too far out of range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:

  INTRADAY ES
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