A flat open and some back and forth early action before the markets finally pushed up a little on slightly improved volume of 1.6 billion NASDAQ shares. Mixed results on the Opening Ranges trades plus a profitable ES call.
Net ticks: -4.5 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 enough for a partial, triggered long at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered long at A at 2203.00, hit first target for 6 ticks, and stopped second half 3 ticks in the money: