The markets gapped down a little. The NQ filled quickly, but the ES didn’t until after the close. Ranges were horrible on 1.5 billion NASDAQ shares. Welcome to the rest of July.
Net ticks: -6.5 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 long at A and missed a partial by a tick, triggered short at B and stopped:
NQ Opening Range Play triggered long at A and worked, triggered short at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Mark’s call didn’t trigger until right after the close: