What an amazingly boring session to start the week. First day of a new options cycle, and nothing happened (not unusual but this was an extreme example). Volume even started out solid, which makes it more surprising. In the end, we basically just closed flat and barely traded over 5 points of range on the ES on 1.6 billion NASDAQ shares. No trades to call, check the Opening Range results.
Net ticks: -21 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 short at B, neither worked:
NQ Opening Range Play triggered long at A and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: