Another session (light volume) where the early action was limited and then we drifted through the day to cover average daily range and that was it. We closed closer to highs after filling the gaps and NASDAQ volume closed at 1.5 billion shares. Opening range plays were mostly a wash again, although the big winner would have been the NQ long, but it triggered more than an hour in. See the Opening Range section below.
Net ticks: -3.5 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 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. Would have triggered long later and worked but more than an hour in, which is past the point you are support to take them (not that was also the Institutional Range play though):
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: