Finally, a day when the Opening Range plays didn’t work. First in a while. Meanwhile, our first main trade call for the month worked a little, but the market was stuck in narrow range on light 1.6 billion NASDAQ share volume. See ES section below.
Net ticks: +2.5 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 didn’t work. Triggered short at B but was too far outside of OR to take:
NQ Opening Range Play triggered long at A and didn’t work. Triggered short at B while we were still long ES, and I don’t like to play both directions at once:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered short at A at 2089.75, hit first target for 6 ticks, stopped second half over the entry:
