The markets opened flat and we did well with the Opening Range plays, but volume was the lightest of the year and there wasn’t much to do safely after that. We did rally a bit over lunch and got stuck on the ES 1937.50 level again on 1.4 billion NASDAQ shares.
Net ticks: +18.5 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 I posted to use the midpoint for the stop and stopped out, triggered short at B and worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: