A much slower day in the markets as we gapped up again but just drifted higher on much more limited volume, then rolled over to lows after lunch but did not fill the gaps, and then bounced a bit into the close on 2.1 billion shares. It was also the first day in a while that the Opening Range plays didn’t work.
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, triggered short at B and didn’t work:
NQ Opening Range Play triggered long at A and didn’t work (although it may have been too far above the OR to take), triggered short at B and didn’t work:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
