Our main trade call was set up nice but didn’t trigger. See ES below. NASDASQ volume was only 1.45 billion shares as the markets gapped up big to start the week and held mostly flat.
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 both ways and neither worked for once:
NQ Opening Range Play triggered long and didn’t work:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
We had a beautiful inverted cup and handle setup that was called for the Value Area play, but it never triggered (hit the VAH right at the close):