This VIX pattern that is potentially in play from our Discover Bias Alerts has often resulted in an up day in the markets.
Day - Wednesday
Opening Gap Direction - N/A
Market Status - Vix >10 and >100 day moving average
Instrument - ES, RTY, NQ, YM
Trading SetUp - Long
Market Trend - Bull
Trade Type - Intraday Open
Entry - 9:00 am ET (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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