Does the outlook change as we approach the close?

06/15/2021 02:24 PM By Matt Ratliff
Let's see what has happened historically as we approach the close ahead of tomorrow's FOMC announcement.

Day - Tuesday

Opening Gap Direction - Up

Market Status - Trading in the bottom range of yesterday's range

Instrument - ES, NQ, RTY, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Time Based Entry

Entry - 3:00 am ET 

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.


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