The markets gapped up, did nothing for over an hour, pulled back quickly on some comments by the Fed Chair to basically fill the gap, then bounced a bit and went flat for almost 5 hours on 4.6 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 but too far out of range to take:
NQ Opening Range Play triggered short at A but too far out of range to take, triggered long at B, same gig:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
