Another dull session on 1.6 billion shares (but BRCM buyout news added 100 million that wouldn’t have been there otherwise). The markets gapped down and did very little. We reached up to fill the gap right at the close. Once again, the Opening Range plays were great and the main call stopped. See ES section below.
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 work. Triggered short at B and worked great:
NQ Opening Range Play triggered long at A and worked. Triggered short at B and worked great:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Triggered short at A at 2111.50 and stopped: