The markets gapped up, started to pull back, spiked a bit on news, and then went dead flat the rest of the day, as is typical for quarterly contract roll. The second half of that will be felt Friday. NASDAQ volume was 2.1 billion shares.
Net ticks: +13.5 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 worked enough for a partial, triggered short at B and worked:
NQ Opening Range Play triggered long at A and worked, triggered short at B and worked but both were too far out of range from the midpoint to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: