The markets opened fairly flat, although the ES had a 2 point gap down that never filled. We pushed lower slowly and spent most of the day inside the Value Areas on 1.7 billion NASDAQ shares as we start the Hanukkah holiday. Opening range play on the ES worked as well.
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 short at A and worked:
NQ Opening Range Play triggered short at A but was probably too far outside the range to take because it was a big candle:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Triggered short at A at 2077.50, first target for 6 ticks, stopped second half over entry: