The markets opened up a little and filled quickly. Opening Range plays worked and nothing else really set up as we were stuck in a narrow range for the first hour on a volume warning and barely made 12 points of ES range for the session before returning to the VWAP on 1.5 billion NASDAQ shares.
Net ticks: +12.5 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 worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: