I was hoping for the better day of the week and instead got the flattest day of the week. Markets gapped up and literally sat dead flat in 1/3rd of average daily range on both futures. Somehow, we managed to pull off winners in the Opening Range plays (see that section below) but that was about it. NASDAQ volume was 1.75 billion, but it sure didn’t move much.
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:
NQ Opening Range Play triggered long at A and worked (after almost an hour!):
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Nice setup short under UBreak that never triggered: