A very light volume session (NASDAQ volume closed at 1.4 billion shares) ahead of the last few days of earnings. The ES had a great setup against the LPT early after gapping down that worked and the Opening Range plays worked (the LPT setup was the same entry as the Opening Range).
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 short at A and worked enough for a partial, triggered long at B and worked:
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:
