The markets gapped slightly lower and did nothing all day, with the S&P closing down 0.29 on 1.7 billion NASDAQ shares, which was horrible.
Net ticks: -22 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 short at A and didn’t work, triggered long at B and worked:
NQ Opening Range Play triggered short at A but too far out of range to take, triggered long at B and stopped:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES: