Another slower session, although we did get an options unraveling move after the first hour, which was to the upside, and worked as it should (stay in that direction the rest of the day). NASDAQ volume closed at 1.8 billion shares.
Net ticks: +2.5 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 triggered long at A and worked:
NQ Opening Range Play triggered short at A and didn’t work, then triggered long at B and did. I was already long ES before NQ short triggered and I don’t usually take conflicting directions:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Mark’s call triggered long at 2058.50, hit first target for 6 ticks, stopped second half under entry:
