The markets are forming red candles but are still trading above Friday's close, let's see how that pattern has developed into the close.
Day - Monday
Opening Gap Direction - Up
Market Status - This mornings gains have been given up this afternoon
Instrument - ES, RTY, NQ, YM
Trading SetUp - Time Based Entry
Market Trend - Weak Bull
Trade Type - Long
Entry - 2:30 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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