Pretty much a waste of a session as the markets seem to have settled into Memorial Day mode back on Wednesday about an hour in, as we’ve been flat since then. We opened flat and mostly did nothing. NASDAQ volume was 1.4 billion shares. No need for trade calls in that flat mess, and probably none Friday.
Net ticks: -37 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 stopped, triggered short at B and worked:
NQ Opening Range Play triggered long at A and stopped, triggered short at B and stopped:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
