The markets opened up a little and the ES stuck in a 4 point range for 90 minutes, giving us the longest Opening Range play ever without stopping out or hitting first target. We drifted up over lunch and that was about it. NASDAQ volume was only 1.5 billion shares again.
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 I finally closed it out even at B after an hour, wow:
NQ Opening Range Play triggered long at A and stopped, triggered short at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: