The light volume continues to mean that we shouldn’t bother making additional calls as the Levels are barely being touched and largely ignored. Markets gapped up and were dead flat for hours, eventually starting a slow drift down but never covering more than half of average daily range on 1.3 billion NASDAQ shares.
Net ticks: +8 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 I eventually closed it for a 2 tick gain after it went nowhere for so long:
NQ Opening Range Play triggered long at A and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: