Blog categorized as DailyiQ

Could we get a little POP in the last 15 minutes of the trading day?
This intraday time period often produces higher prices into the close...
08/31/2020 03:01 PM - Comment(s)
What do you think will happen after a new all time high on Friday?
Let's see what has happened historically on the last day of the month following a strong close. Will there be profit taking?
08/31/2020 08:59 AM - Comment(s)
This inside day could have an exciting close for the NASDAQ.
The markets are forming an inside day as we approach the close into the weekend, let's test that that pattern.
08/28/2020 02:25 PM - Comment(s)
Two Seasonality studies today - approaching Month end.
We are approaching the end of the month let's look at a seasonality study in the markets.
08/28/2020 09:18 AM - Comment(s)
Who says patterns don't change with time?  Was that you?
Recently this pattern, that may be in play today, has led to higher prices into the close, especially in the last 12 months.
08/27/2020 02:30 PM - Comment(s)
The GDP Report historically does this to the market.
The GDP report is out today, let's take a look at what has happened on GDP day.
08/27/2020 09:00 AM - Comment(s)
Will we finish at another 52 week high?  What do you think?
The market is trending higher after yesterday's new highs. What will our test show us historically? Will we keep pushing higher?
08/26/2020 02:50 PM - Comment(s)
Following a new 52 week high should we expect more follow through to the upside?
The markets are opening flat after another strong close. Let's see what that has led to historically.
08/26/2020 09:16 AM - Comment(s)
What happened to our overbought condition this morning? 

Day - Tuesday

Opening Gap Direction - Up

Market Status - A morning up gap was followed by some price consolidation and a retreat to todays open.

Instrument - ES, RTY, NQ, YM

Trading SetUp - Time Based Entry

Market Trend - Still in a Bullish trend but retreating some from yesterdays high.

Trade Type - Long

...

08/25/2020 02:42 PM - Comment(s)
A new S&P 52 Week High and a 2 Day RSI > 95, what's next?
The markets signaled an overbought reading on the RSI while making a 52-week high. Let's see what that has led to historically.
08/25/2020 09:08 AM - Comment(s)