The NASDAQ side came back a bit today but the broad market was dead until the last two hours or so. Everything closed positive on 1.9 billion NASDAQ shares, which is a big volume drop-off.
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 long at A and stopped, we used the midpoint, triggered short at B and stopped:
NQ Opening Range Play triggered long at A and would have worked, but we past on it because the trigger was 10 points above the ORH:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered short at A at 2163.50 and stopped for 7 ticks. This call basically lined up with the OR play, so whether you took this in addition or just took the OR play is your call: