The markets opened flat and were dead early, then popped up on word that the Fed might reconsider rate hikes in 2019, and then slipped the rest of the day on expectations of a government shutdown on 4.5 billion NASDAQ shares for triple expiration, so hard to say how much was expiration volume and how much was the actual sell-off.

Net ticks: +4 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:

NQ Opening Range Play:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:


ES: