The markets are forming reversal patterns as we approach the close, let's see if it has led to more upside historically.
Day - Tuesday
Opening Gap Direction - Down
Market Status - After a sizable gap down this AM, we are rebounding
Instrument - ES, NQ, RTY, YM
Trading SetUp - Long
Market Trend - Bull
Trade Type - Time Based Entry
Entry - 3:00 pm ET
Exit - 4:15 pm ET (Market Close)
Note: Most tests/studies here 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. The Daily IQ is typically an End of Day analysis without stops/targets. You can use Discover to test/study other potential trades with numerous stop/target values. You can make comments below.
Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.
