Pretty much what we expected coming into the week…a dead flat morning for options expiration. What is amazing is how light volume was for an expiration…only 1.5 billion NASDAQ shares. Opening ranges worked and no additional calls.
Net ticks: +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 ended up working but I stopped out over the OR low because things were so dead:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: