Overview
For the second half of quarterly contract roll, the markets gapped down, went lower, came back, and closed about where they opened, which is normal for the wasted quarterly Friday on 5.4 billion NASDAQ shares.
ES June contract with March contract levels:
ES with market directional:
Futures:
ES Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and worked enough for a partial:
NQ Opening Range Play triggered short at A and long at B, both too far out of range to take:
Results: +8 ticks
Forex:
GBPUSD, no calls, locked in a gain from the prior session:
Results: +20 pips
Stocks:
From the report, EVOP triggered long (with market support) at a non-ideal time and worked:
From the Twitter feed, Rich’s MU triggered short (with market support) and didn’t work:
ADBE triggered long (with market support) and didn’t work:
Rich’s FDX triggered long (with market support) and didn’t work:
That’s 4 triggers with market support, 1 of them worked and 3 didn’t. Welcome to futures contract roll.