Another nice session for the Opening Range plays, and then we had another call that worked a little. See the ES section below. It was pretty choppy for most of the session, as expected on options expiration. Volume never came back in the afternoon, and we closed at 1.7 billion shares, which is pretty light for expiration Friday.
Net ticks: +2.5 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 at A and worked great again:
NQ Opening Range Play triggered at A and worked great again:
ES Tradesight Institutional Range Play triggered short at A and stopped over the yellow line. Triggered long at B and worked:
NQ Tradesight Institutional Range Play triggered short at A and didn’t work (stopped over the yellow line) and triggered long at B and worked (never stopped under the yellow line):
Triggered short at A at 1983.00, hit first target for 6 ticks, and closed second half over entry: