We are approaching the close on the last trading day of October, let's see if it is as bearish as the bias was at the open.
Day - Friday
Opening Gap Direction - Down
Market Status - Weak Action across the board
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 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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