The markets are pushing higher ahead of the open following Friday's weakness. Let's see what has happened when you gap up following a weak close on Friday.
(Daily iQ Videos will be available this morning and Wednesday morning this week)
Day - Monday
Opening Gap Direction - Up
Market Status - Friday's close was a new 5 day low
Instrument - ES, RTY, NQ, YM
Trading SetUp - Long
Market Trend - Bull
Trade Type - Intraday Entry
Entry - 9:30 am ET (Market Open)
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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