A totally dead session, even moreso than I would have expected for the Friday in the middle of core earnings. The ES basically stuck in a 5-point range for most of the session, and even the Opening Range plays didn’t do much. A waste of a trading day. NASDAQ volume closed at 1.5 billion shares. We spent a painfully big piece of the day inside the Opening 2-minute Range.
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: