We had quarterly futures contract roll Friday, moving the December (Z5) contract. This basically means that the big players sit out for a day while the technicals settled. This happens once per quarter. Mixed results to go with that on the Opening Range plays. See that section below. NASDAQ volume was only 1.5 billion shares.
Net ticks: +0 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 didn’t work:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: