A boring start to the week in futures as the markets were dead and bifurcated early despite improved volume which closed at 1.6 billion NASDAQ shares. See Opening Range Plays and ES sections below. Better volume should get things going again soon.
Net ticks: -15 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 eventually worked enough for a partial:
NQ Opening Range Play triggered short at A and stopped. Triggered long at B but we don’t take that under the rules because we are short the ES and it isn’t into the gap:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My call triggered short at A at 2179.50 and stopped for 7 ticks. I did not put it back in although that would have worked nicely:
