Some nice trades all around despite some horrifyingly light volume in the markets. See the Opening and Institutional Range reviews below, plus two winners called on the ES. NASDAQ volume closed at 1.4 billion shares, the lightest of the year.
Net ticks: +8.5 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 worked and triggered long at B and worked:
NQ Opening Range Play triggered short at A and worked and triggered long at B and worked, although the Opening Range itself was fairly wide and you probably would have used half of it for the stop (it still worked):
ES Tradesight Institutional Range Play triggered long at A and worked:
NQ Tradesight Institutional Range Play triggered long at A and worked great:
ES:
The first call was a short under LBreak at A at 2093.50 that hit first target for 6 ticks and then stopped the second half 6 ticks in the money. It then later set the LPT at B and we went short at C at 2088.00. That also hit the first target for 6 ticks but stopped the second half at the entry:
