Not a great futures trading session despite some nice setups early. See OR plays and the TF section below. The overall day was fairly flat on 1.5 billion NASDAQ shares.
Net ticks: -12 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 didn’t work, triggered long at B and eventually worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: