A low opening with lots of green candlesticks may offer some late afternoon opportunity

08/20/2020 02:22 PM - By Matt Ratliff
The market opened below yesterday's low and has trended higher all session.  What pattern should we expect toward the close?  We have a lot of green candlesticks, especially on the ES and YM.

Day - Thursday

Opening Gap Direction - Down

Market Status - A low opening has not discouraged buyers

Instrument - ES, RTY, NQ, YM

Trading SetUp - Time Based Entry

Market Trend - Still maintaining highs across the Indices

Trade Type - Long

Entry - 2:30 pm ET

Exit - 4:15 pm ET (Market Close)



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Matt Ratliff