The markets opened fairly flat and drifted both ways early, with the NASDAQ strong but the ES flat. We dipped lower over lunch and then closed at highs (although ES closed red) on 1.6 billion NASDAQ shares. The Opening Range plays worked.
Net ticks: +21 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 A and worked great:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: