As expected, a dull session. Markets gapped down and were very flat early. I went small size on the Opening Range plays because of it, although we just count raw ticks for the total. Market eventually clawed its way back to even on 1.4 billion NASDAQ shares to wrap up the short week. Back to work Monday.
Net ticks: -19 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 short a A and didn’t work, triggered long at B and eventually worked enough for a partial:
NQ Opening Range Play triggered short at A and didn’t work, long was too far outside the range:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Triggered long at A at 2018.75, hit first target for six ticks and stopped second half in the money after an adjustment or two on the stop: