The markets gapped down small, went lower, came back to fill the gap, and then wiggled both ways before closing basically flat on 2 billion NASDAQ shares. Midday, the ES put in 4 of the smallest 5-minute candles in a row that I’ve even seen.
Net ticks: -19.5 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 stopped, triggered long at B and stopped:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: