The markets gapped down pretty big for a Monday. Volume looked solid for the first 30 minutes but then fell apart just as hard in the next 30 for a volume warning. The markets finally rallied back into the gaps heading into lunch and flatlined for the last four hours on 1.6 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 short at A and worked enough for a partial:
NQ Opening Range Play triggered short at A and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: