The markets gapped up, tried to go higher, sold off hard on volume, then drifted higher without volume on 3.2 billion NASDAQ shares.
Net ticks: +23.5 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, triggered short at B and worked:
NQ Opening Range Play triggered long at A and short at B but both too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES: