Blog categorized as DailyiQ
The markets are testing below yesterday's low as we approach the close, let's see what that has led to in a similar environment.
Yesterday closed at a 52 week high in some of the indices, here are some stats based on that close.
This recent seasonality bias hasn't held up well into the close.
I'm not sure why, but this seasonality pattern has been quite bullish recently.
We are potentially forming a unique price pattern that we haven't seen since March, here is what it has led to historically.
The markets gapped up huge yesterday then sold off, let's see what that pattern has led to historically.
Day - Monday
Opening Gap Direction - Up
Market Status - Large morning up gap followed by sideways day
Instrument - ES, NQ, RTY, YM
Trading SetUp - Long
Market Trend - Weak Bull
Trade Type - Time Based Entry
Entry - 3:00 pm ET
Exit - 4:15 pm ET (Market Close)
Note: Most tests/studies are done going long...
The markets are starting the week up huge on news, let's look at what that has led to.
The markets are quiet following this morning's Nonfarm payrolls report, let's see what has happened into the close on NFP day in a similar scenario.
The Nonfarm Payrolls report is today, let's see what has happened when the report follows a close at the high of the week.
