The markets opened flat, then shot down for 15 minutes, and that was about it for the session, minus an attempt to break the lows over lunch. We closed right at the VWAP on 1.4 billion NASDAQ shares.
Net ticks: +5.5 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, hit partial, I closed second half for 5 ticks:
NQ Opening Range Play was very wide, so you would have used the midpoint for the stop, but then the trigger was too far outside of the OR to take under the rules, so no play:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: