The markets opened close to flat and the ES drifted lower but the NASDAQ side sold off more solidly. Volume was improved to 2.0 billion NASDAQ shares as the sell-off picked up speed. Opening Range plays worked.
Net ticks: +15 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: