Yesterday made a Narrow Range 7 pattern and closed at new highs. Testing that pattern with a long intraday set up shows some optimism, especially with the ES. Remember the open's direction and location are critical to this test. Check the exact open numbers, watch the video and examine the info below.
Opening Gap Direction - Gap Down
Market Status - Yesterday saw a new Futures ES Index 50 day high followed by some price compression and a likely gap down this morning
Instrument - ES, RTY, NQ, YM
Trading SetUp - Long Intraday Entry and Exit
Market Trend - New highs continue
Trade Type - Long
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)
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