The markets gapped up a little and filled, but the ES spent most of the day in a 4-point Value Area on a weak 1.4 billion NASDAQ shares for a summer Monday.
Net ticks: -14 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 stopped, triggered short at B and worked:
NQ Opening Range Play triggered long at A and stopped, triggered short at B, I did not take because it had already filled the gap and we were long ES still, but it ended up working:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
