Is anyone else confused?

11/06/2020 02:29 PM By Matt Ratliff
The markets are quiet following this morning's Nonfarm payrolls report, let's see what has happened into the close on NFP day in a similar scenario.

Day - Friday

Opening Gap Direction - Down

Market Status - A quiet day with positive response to NFP Report

Instrument - ES, NQ, RTY, YM

Trading SetUp - Long

Market Trend - Weak Bull

Trade Type - Time Based Entry

Entry - 3:00 pm ET 

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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Matt Ratliff