Another day of just drifting higher (low volatility, no volume) although this time without a gap. The markets closed higher and NASDAQ volume closed at 1.5 billion shares, but we never really set a Level on the key futures. Opening Range Plays worked to an extent. Institutional Range Plays worked.
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 ultimately worked, I cut it off after the gap fill:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play triggered long and worked:
NQ Tradesight Institutional Range Play triggered long and worked: