Yesterday signaled an overbought reading and we have seen mostly lower prices today. Let's see what that has led to into the close. Use iQ Discover to test your own various scenarios.
Day - Tuesday
Opening Gap Direction - Up
Market Status - A morning up gap was followed by some price consolidation and a retreat to todays open.
Instrument - ES, RTY, NQ, YM
Trading SetUp - Time Based Entry
Market Trend - Still in a Bullish trend but retreating some from yesterdays high.
Trade Type - Long
Entry - 3:00 pm ET
Exit - 4:15 pm ET (Market Close)
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