Another very disappointing session in terms of movement. The markets gapped up a little this time and were just very flat for hours. The total range of the day was actually worse than Monday and NASDAQ volume closed at 1.55 billion shares. No point in making calls in this mess. The ES Opening Range play worked, see that section below.
Net ticks: +6 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 worked enough for a partial eventually:
NQ Opening Range Play triggered long at A but we don’t take that since we are short the ES at the time and this is not into the gap (but it worked anyway):
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: