The markets are consolidating in a small range following yesterday's sell-off, let's see what that has led to into the close.
Day - Tuesday
Opening Gap Direction - Up
Market Status - The morning Gap up is followed by a balanced out session
Instrument - ES, RTY, NQ, YM
Trading SetUp - Time Based Entry
Market Trend - Weak Bull
Trade Type - Long
Entry - 2:30 pm ET
Exit - 4:15 pm ET (Market Close)
Note: Most historical 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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