We were looking for volume to pick up with the Holiday behind us and we didn’t get it. In fact, after a bad volume number early (but slightly better than Monday after the first hour), NASDAQ volume closed at 1.45 billion shares, worse than Monday’s total. Once again, we had nice winners with the Opening Range plays in the ES and NQ, but the light action prevented us from making additional calls.
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 worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
