The markets are consolidating following yesterday's large selloff, here is what that type of action has led to historically.
Day - Tuesday
Opening Gap Direction - N/A
Market Status - Large sell off yesterday leading to potential inside day today
Instrument - ES, RTY, NQ, 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.
Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.N
Click below to share with your friends or colleagues
