Blog by Matt Ratliff
The overnight session is bullish as we start the new week, he is what has followed that type of pattern.
The non-farm payrolls report is scheduled for 8:30 am ET today, let's see what has happened on this day.
Momentum Strategies can be an effective way to counter the prevailing trading psychology of the day. The crowd builds the momentum and you follow it.
Day - Wednesday
Opening Gap Direction - UP
Market Status - Bull Market
Instrument - ES, NQ, YM, RTY
Trading SetUp - Long
Market Trend - Bull
Trade Type - Intraday Entry
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Today is the last trading day of May, here is what has happened on this day historically.
Monday is Memorial Day and the market is closed, let's see what has happened the day before the holiday.
The GDP report is out today at 8:30 am ET. Let's see what has happened on the day of the report.
Yesterday the markets finished near the highs but still below Monday's close. Let's see what has followed that pattern.
The markets started the week strong, let's see what happens on Tuesdays in a similar environment.
How do we make a trading profit when the market is going down? Well, one option is "short selling". Check it out here.
