Pretty much as expected. The markets opened with a small gap up, both sides filled, and that was it for the day. NASDAQ volume was only 1.4 billion as everyone left early. Opening Range plays worked. See that section below.
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:
NQ Opening Range Play technically triggered long at A, but as I said in the Lab, if I’m already short the ES, I don’t take the NQ the other direction in the rare cases that that happens, especially when the gap fill was below. NQ then triggered short at B and worked too:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
