What a dull start to the week. Coming off of Friday’s triple expiration, we definitely are seeing the slow start to the new options cycle. NASDAQ volume was only 1.4 billion shares. The Opening Range plays still worked. I had another call on the ES that I closed even. See those sections below.
Net ticks: +13.5 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 worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered long at A at 2043.25, but after almost 25 minutes of not going anywhere because the market was so dead, I closed it even: