Will the Market have the Monday blues today?

08/17/2020 09:09 AM - By Matt Ratliff
Let's look at what has happened when the week ended with a narrow range session.  Are you expecting much today?  Use Discover to explore and test different opening filters.  Keep in mind, the behavior of the Futures Indices is often mirrored in the broader markets.

Day - Monday

Opening Gap Direction - Up

Market Status - Maintaining recent highs

Instrument - ES, RTY, NQ, YM

Trading SetUp - Intraday

Market Trend - Quiet range compression, inconsistencies

Trade Type - Long

Entry - 9:00 am ET (Market Open)

Exit - 4:15 pm ET (Market Close)

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Matt Ratliff