When trading below this level following the FOMC announcement, the market has often continued lower into the close.
Day - Wednesday
Opening Gap Direction - Up
Market Status - Day of FOMC announcement following yesterdays highs, trading now near the prior session close.
Instrument - ES, RTY, NQ, YM
Trading SetUp - Long
Market Trend - Bull
Trade Type - Time Based Entry
Entry - 3:00 pm
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.
Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.
Click below to share with your friends or colleagues
