A slow session to start the week, partially due to the Jewish Holiday. The markets gapped down and were flat and narrow, closing where they opened on 1.4 billion NASDAQ shares.
Net ticks: -6.5 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 would have triggered short at A and worked, but we don’t take that short when we are long the NQ and this isn’t into the gap:
NQ Opening Range Play triggered long at A and didn’t work, triggered short at B and did:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
