The markets opened fairly flat and headed down for the session, although the first two hours were fairly narrow on poor volume, but things picked up speed over lunch. NASDAQ volume was 1.6 billion in the end, but the first two hours were horrible. Opening Range plays worked great.
Net ticks: +20 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:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
