The markets signaled an overbought reading on the RSI while making a 52-week high. Let's see what that has led to historically.
Day - Tuesday
Opening Gap Direction - Up
Market Status - Yesterday gapped up and held gains with the S&P closing at a new 52 week high, signaling a 2 Day RSI > 95.
Instrument - ES, RTY, NQ, YM
Trading SetUp - Intraday
Market Trend - Still in a Bullish trend pushing new highs.
Trade Type - Long
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)
Click the Subscribe button below to receive the DailyiQ messages in your email inbox immediately as they are released.
Click below to share with your friends or colleagues
