The markets opened a couple of points down and took a while to fill. The NASDAQ side was stronger early and things held up over lunch, then rolled to new lows coming out of lunch before bouncing a bit into the close on a weak 1.5 billion NASDAQ shares. Opening range plays worked. See that section below. Don’t expect too many regular calls this week with the light volume Holiday environment.
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 worked enough for a partial:
NQ Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
