We try to make a habit of not trading futures on the Friday of quarterly contract roll. There’s just not enough big players ready to go. Markets gapped up big and had a flat opening hour, then drifted a bit higher on the session on 1.6 billion NASDAQ shares. We will count the Opening Range plays that triggered first since we don’t have a hard rule posted about not taking them on contract roll.
Net ticks: -26 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:
Shouldn’t even bother with these on contract roll, but we will count the first ones.
ES Opening Range Play triggered short at A and stopped:
NQ Opening Range Play triggered short at A and stopped:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: