The markets gapped up, did very little for a long time, then popped a bit ahead of lunch and then went flat for 5 hours on 2 billion NASDAQ shares, which is horrible for options expiration, but it’s August.
Net ticks: +4 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:
NQ Opening Range Play triggered long at A but technically too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
ES Opening Range Play triggered long at A and worked enough for a partial:
NQ Opening Range Play triggered long at A but technically too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
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