A much slower session than the last few days as volume dropped off quite a bit early, even though it ended up closing at 1.8 billion NASDAQ shares in the end. The markets filled their gaps early and stuck to the VWAP/midpoint area after.
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 short at A and worked enough for a partial, triggered long at B and didn’t work:
NQ Opening Range Play triggered short at A and didn’t work, triggered long at B and did:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
A nice setup against the R1 level triggered long at A and failed, we did not re-enter because of the volume problem: