Another day of closing basically unchanged on the broad market. Unreal. Volume looked better early but still only got to 1.7 billion NASDAQ shares. It looked like we were getting a solid sell-off in the first hour, but that just fizzled. I had called off the ER/TF call that was in the Twitter feed in the Lab once the market fell sharply, but I forgot to post that to the feed because I didn’t expect it to come back into play, so we will have to count it officially even though I wasn’t in it. See that section below.
Net ticks: -8 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 didn’t work, triggered long at B and didn’t work:
NQ Opening Range Play triggered short at A and worked, triggered long at B and worked enough for a partial:
ES Tradesight Institutional Range Play triggered short at A and worked, never triggered long:
NQ Tradesight Institutional Range Play triggered short at A and didn’t work, triggered long at B and did:
ES:
