Volume looked strong early after the markets gapped up coming back from the long weekend, then slowed down after 30 minutes and only closed at 1.6 billion NASDAQ shares, which is a small move back up from Friday. The gaps did not fill and the markets closed at highs without trading average daily range. The Opening Range plays worked (see that section below) but we didn’t make any additional calls as the big gap took us away from key levels and volume was so light.
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 worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: