This unique pattern from our bias alerts has often favored an intraday opportunity to the short side. Two studies are presented.
Day - Wednesday
Opening Gap Direction - Up
Market Status - higher closes continue
Instrument - ES, RTY, NQ, YM
Trading SetUp - Bias Alert - Long, Gap Fade - Short
Market Trend - Bull
Trade Type - Intraday Entry
Entry - 9:30 am (Market Open)
Exit - 4:15 pm ET (Market Close)
Note: Most tests/studies are done going long using Future Indices. This is done for several reasons; so you can easily compare different studies/tests, and because of the high correlation of these Indices to other instruments. Make your comments and ask your questions below.
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