The markets opened flat, didn’t do a darn thing until the Fed, popped lower for a minute then higher on the Fed, and then came back for a while before drifting up. The whole day’s range was basically in the 5-minute candle that they announced. NASDAQ volume was only 2 billion shares.
Net ticks: +21.5 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:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
