The markets closed at the lows of the week on Friday, let's see what has happened following that pattern.
The markets closed at the lows of the week on Friday, let's see what has happened following that pattern.
Day - Monday
Opening Gap Direction - Up
Instrument - ES, NQ, YM, RTY
Trading SetUp - Long
Trade Type - Intraday Entry
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)
Note: Most tests/studies here 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. The Daily IQ is typically an End of Day analysis without stops/targets. You can use our Discover app to test/study other potential trades with numerous stop/target values. You can make comments below.
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