Monday is President's Day, let's take a look at what has happened the day before that market holiday.
Day - Friday
Opening Gap Direction - N/A
Market Status - Market continues to trend up, President's Day in Monday
Instrument - ES, RTY, NQ, YM
Trading SetUp - Long
Market Trend - Bull
Trade Type - Intraday Open Entry
Entry - 9:30 am ET (Market Open)
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.
