The markets opened flat and pushed up a little early, then seemed to head higher ahead after the first hour for the options unravel, but then flattened out badly shortly thereafter and dropped after lunch on news that the Bank of Mexico raised rates. We came back to the midpoint and that was about it on 1.6 billion NASDAQ shares.
Net ticks: +8 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 triggered long at A and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: