Which way will the market move following yesterday's Neutral Day with an S&P 500 20 day New High?

08/19/2020 09:12 AM - By Matt Ratliff
This Market Profile day type at recent highs has historically resulted in larger average moves to one side...  Check the opening gap and test again if it changes.

Day - Wednesday

Opening Gap Direction - Up slightly 

Market Status - New 20 Day High reached for the S&P 500

Instrument - ES, RTY, NQ, YM

Trading SetUp - Intraday Entry

Market Trend - Quiet ranges but pushing higher with a Neutral Day

Trade Type - Long

Entry - 9:30 am ET (Market Open)

Exit - 4:15 pm ET (Market Close)



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Matt Ratliff