The markets gapped up a little and headed lower, filling the gap and then accelerating for 30 minutes, then reversed hard quickly to recover part of the options unraveling sell off from Wednesday. We were mostly flat over lunch and then started to drift higher, then dropped a little bit at the close. NASDAQ volume was 2.3 billion shares. On to expiration Friday.
Net ticks: +21 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 worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: