We didn’t post any additional calls beyond the mechanical ones on Friday due to July options expiration and the resulting light volume. Markets gapped up, pulled back, gave us Opening Range winners, and then settled in on 1.7 billion shares, which is an uptick in volume but you expect something for expiration, and that wasn’t very impressive.
Net ticks: +14 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 and worked:
NQ Opening Range Play triggered short and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
