One loser after the ES set the Pivot nicely, but the Opening Range plays had better results. Overall, a fairly flat session in the markets with only 1.6 billion NASDAQ shares traded.
Net ticks: -7 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 didn’t, although you would have been in the NQ short at the time and we don’t recommend going both directions. Triggered short at B and worked:
NQ Opening Range Play triggered short at A and worked, triggered long at B and didn’t:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Set the Pivot nicely and then triggered long at 2049.25 at A and stopped: