Came into the session not expecting much with the East Coast still under feet of snow, and we basically got what we expected. Everything was flat and choppy and finally pushed down a bit late in the day. Mixed results on the Opening Range Plays. NASDAQ volume was only 1.7 billion shares, one of the weakest in a while.
Net ticks: -6.0 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, got a partial, and that was about it:
NQ Opening Range Play triggered long at A and stopped for 15 ticks:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Mark’s call triggered short at A at 1886.25, hit a partial for 6 ticks, and stopped second half over entry: