Another gap up and dead flat action for the first hour or so. The NQ OR was as narrow as I’ve ever seen and the 1-minute action was horrible. We eventually drifted up again on 1.75 billion NASDAQ shares.
Net ticks: -2.5 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 long at A and worked:
NQ Opening Range Play triggered long at and just barely swept out of a very narrow OR:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: