The GDP report was released this morning, let's take a look at what has happened on GDP report day.
Key Event: GDP report 8:30 am ET
Additional Details: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
Key Event: GDP report 8:30 am ET
Additional Details: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
Day - Thursday
Opening Gap Direction - N/A
Market Status - Anticipation of GDP report
Instrument - ES, RTY, NQ, YM
Trading SetUp - Intraday Entry
Market Trend - Weak Bull
Trade Type - Long
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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