The markets opened fairly flat. The NASDAQ side had a negative early bias, well the broad market was more positive heading into the Fed announcement. That announcement did little to move the markets in the afternoon, and we closed on 1.7 billion NASDAQ shares. No calls given the poor activity, but check the Opening Range Plays below.
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 worked:
NQ Opening Range Play triggered long at A and didn’t work, triggered short at B and worked great:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
