The markets gapped down, tried to fill, ES missed by a tick or two, and then stuck in a narrow range for the first two hours, then finally headed lower on light volume over lunch, then came back up to the VWAP late and rolled once more to close at the lows on only 1.5 billion NASDAQ shares. Mixed results on the Opening Range plays, see that section below, and no need for additional calls with the first two hours so flat.
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 didn’t work. Technically triggered short later and eventually worked if you waited a long time:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
