Markets gapped up and went lower early, then recovered, but the action remains very muted on 6.2 billion NASDAQ shares.
Net ticks: -18 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 enough for a partial, triggered short at B and stopped over the midpoint:
NQ Opening Range Play triggered short at A and long at B, but both were too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My call triggered long at A at 3207.75 and missed the partial by a tick, stopped: