Another day of no volume while we wait for the Fed. For the first time in a while, we didn’t take the Opening Range plays because they triggered so far outside of the range. See those trades below.
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 would have triggered at A, but that candle closed too far outside of the range to take:
NQ Opening Range Play would have triggered at A, but that candle closed too far outside of the range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
