The markets gapped down, started coming back up, volume looked a little better, then drifted off and we swept lows and the last five hours went nowhere on 1.9 billion NASDAQ shares.
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 short at A and stopped, triggered long at B and worked enough for a partial:
NQ Opening Range Play triggered long at A and short at B but both were too far out of the range to take under the rules:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
