The markets gapped up on a Monday to start the week and never looked back. Frankly, they just drifted higher without much volatility and only covered about 2/3rds of average daily range. The ES barely touched one level for the session. The Opening Range plays did work though.
Net ticks: +0 ticks. Opening Range plays worked again.
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 worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: