The markets gapped down and shot up about 10 minutes in on news out of the ECB, covering average daily range in 8 minutes, and that was the range for the day. Ruined any other calls that I wanted to make, but the long side Opening Range plays worked. See that section below. The rest of the day was dead as we are in Core Earnings Season. NASDAQ volume closed at 1.7 billion shares.
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:
NQ Opening Range Play:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES with Levels:
