The markets opened fairly flat and were dead again for the first two hours, then dipped over lunch, and then finally drifted a little lower in the last hour on 1.9 billion NASDAQ shares.
Net ticks: -7 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 worked enough for a partial, triggered short at B and stopped:
NQ Opening Range Play, the long at A was 10 ticks above the ORH, which is more than you are supposed to take for entry under the rules. Short triggered at B and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered short at A at 2085.25 and stopped: