Not a very interesting session for most of the day, which wasn’t a surprise on the last day of Core Earnings. No official calls, but I recapped the Opening Range plays below. The markets held dead flat for hours and finally rallied in the afternoon on 1.9 billion NASDAQ 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 triggered short at A and should have stopped at B, although it never got a close above the Opening Range to trigger the long (until hours later). Ironically, if you had taken it again, it worked, and look how it used the level later:
NQ Opening Range Play, triggered short at A and stopped at B and triggered long at B and didn’t work:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
