The Futures Market continues to march higher, with a new 50 day high at the close yesterday. But new highs may not lead to a bullish day today: win rates are weak and average losses are greater than average wins. Watch the video and examine the details below.
Opening Gap Direction - Gap Up
Market Status - We are gapping up above yesterday's close, continuing a strong market run
Instrument - ES, RTY, NQ, YM
Trading SetUp - Long Intraday Entry
Market Trend - Future Indices and the general markets continue higher with a new 50 day high at yesterday's close.
Trade Type - Long
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)