A fairly slow session ahead of the first Presidential Debate. The markets gapped down and established most of the range in the first 15 minutes, although we slipped a couple of points lower on the broad market over lunch and sat there for the rest of the day on 1.5 billion NASDAQ shares. See Opening Range Plays.
Net ticks: +9.5 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 short at A and worked:
NQ Opening Range Play triggered short at A and worked, triggered long at B and I closed it under the midpoint with the market so dead and volume so light:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: