Volume improved slightly again to 1.7 billion NASDAQ shares, but it was still a fairly boring session with the ES stuck in the Value Area for 99% of the day and barely touching other levels (it did use LBreak for a trade setup but didn’t go far on that trigger). See Opening Range plays below.
Net ticks: -6.5 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:
NQ Opening Range Play triggered long at A and didn’t quite get to the 8 tick target:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: