Well, if Monday was a preview of the rest of the year, it looks pretty boring. There’s a slight chance that Tuesday will be better since Monday was the first day of a new options cycle, but that’s about it. We gapped up, didn’t do anything for two hours, tried to reach down over lunch to fill the gap and couldn’t, and closed in the lower half of the day’s range on 1.4 billion NASDAQ shares. No calls made as the Levels weren’t being used technically, and a net loss for the first time in a while on the Opening Range Plays.
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 long at A and didn’t work, triggered short at B and worked enough for a partial:
NQ Opening Range Play triggered long at A and didn’t work, triggered short at B and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
