Flat opening after a 50 day high, what can we expect?

07/23/2020 02:59 PM - By Brian Casto
The futures market is breaking lower after a 50 day high, let's see how that has performed into the close.

Opening Gap - Flat

Status - Yesterday there was a 50 day new high leading to a flat opening today, early trading saw consolidation and now things are beginning to turn down, setting up a red candlestick

Instrument - ES, NQ, YM, RTY

Set Up - Time Based Entry

Trend - Breaking Down

Type - Long

Entry - 2:30pm ET

Exit - 4:15 pm ET (Close)

Brian Casto