No official calls for the session and finally a mixed bag on the Opening Range plays. The markets opened fairly flat and tanked early but reversed just as sharply and then stuck flat around even for the rest of the session on 1.9 billion NASDAQ shares.
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 didn’t work (very tight stop due to narrow OR) and short at B and didn’t work:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play triggered short at A and worked:
NQ Tradesight Institutional Range Play technically triggered short at A but it was 10 points below the OR Low when it closed the candle, which is too far to take an entry, even though it ended up working):