The markets headed lower to close the year (not a surprise as we will discuss in the preview for next week) but volume was only 1.4 billion shares, so it was mostly a drift. A piece of that volume was right at the close. Opening Range plays worked.
Net ticks: +19.5 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 and worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: