A less exciting day in the markets. The markets gapped down a little, filled in the first hour or so, and then that was the whole range for the day, and we settled on the midpoint VWAP waiting for Trade Balance and Unemployment tomorrow morning, as I predicted in the YouTube preview from last night. See Opening Range and ES sections below. NASDAQ volume was 2 billion shares.
Net ticks: -14 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 stopped, triggered short at B and worked:
NQ Opening Range Play triggered short at A and would have worked, but I didn’t take because the trigger was too far below the range under my rules:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Triggered short under the Pivot at A and stopped for 7 ticks: