With Wednesday’s options unravel behind us, Thursday was dead. I was expecting slow, but this was crazy. The ES literally never touched a level. Look at the ES market directional chart to see how bad it was. The Opening Range plays were mixed. Nothing triggered.
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 didn’t work, triggered long at B and did:
NQ Opening Range Play triggered short at A and didn’t work, triggered long at B and did:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES: