The markets opened down a little and pushed lower, then went flat, came back over lunch to fill the small gap, and closed slightly higher on 1.6 billion NASDAQ shares, which was sadly the best volume of the week. Opening Range Plays worked great.
Net ticks: +20 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: