We are seeing a hammer candlestick form in the Futures markets, with the ES tempting the gamblers. Watch the video and examine the setup below.
Day - Monday
Opening Gap Direction - a modest Gap Up
Market Status - The morning up gap pushed higher but led to a sell off of that gain. We opened and are trading in the top 25% of the the range.
Instrument - ES, RTY, NQ, YM
Trading SetUp - Long
Market Trend - New Highs Continue
Trade Type - Long
Entry - 3:00 pm ET
Exit - 4:15 pm ET (Market Close)
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