The markets gapped up a little, pushed a little higher, the Opening Range plays led to small gains, and then dropped to fill the gap and more before returning to the VWAP area for the close, which is no surprise on contract roll. Friday should be a bust. NASDAQ volume was 1.7 billion shares.
Net ticks: +6 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:
NQ Opening Range Play:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: