Are we oversold or what?

01/11/2021 02:22 PM By Matt Ratliff
The unique pattern that is forming has often leaned to this side as we approach the close...

Day - Monday

Opening Gap Direction - Down

Market Status - Early sell off now easing, an inside day forming.

Instrument - ES, RTY, NQ, 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 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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