A slow start to the session, but 3 out of 4 winners in the Opening Range plays. An additional call on the ES did not trigger. After gapping down, the markets drifted up and then popped on Yellen’s comments. NASDAQ volume remained weak at 1.5 billion shares.
Net ticks: +4 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 at A and stopped. Triggered long at B and worked:
NQ Opening Range Play triggered short at A and worked enough for a partial. Triggered long at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: