Following Fridays high and a vigorous overnight, do your charts tell you this? 

08/24/2020 09:15 AM - By Matt Ratliff
The market is trending higher towards the R3 pivot after a strong close on Friday.  Let's see how that has played out historically.  Will you be surprised?

Day - Monday

Opening Gap Direction - Up

Market Status - Friday saw new highs and the overnight numbers look strong with a potential open between R2 and R3 Price Pivot Zones (PPZ)

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)



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Matt Ratliff