After another new high, will we get a glimpse of the bear today?

08/18/2020 09:17 AM - By Matt Ratliff
The markets are pushing higher after yesterday's 52-week high in the S&P and NASDAQ.  It looks like we will open above the prior day high.  This scenario has repeated itself 21 times in the last 12 months.  Will the result be the same today?  Take a look..

Day - Tuesday

Opening Gap Direction - Up slightly 

Market Status - New highs reached for the S&P and NASDAQ

Instrument - ES, RTY, NQ, YM

Trading SetUp - Intraday Entry

Market Trend - Quiet ranges but pushing higher

Trade Type - Long

Entry - 9:30 am ET (Market Open)

Exit - 4:15 pm ET (Market Close)



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Matt Ratliff