FUP on this mornings test

02/19/2021 03:14 PM By Matt Ratliff
The markets are working their way lower on options expiration day, should we expect that to continue into the close?

Day - Friday

Opening Gap Direction -  Up

Market Status - Options Expiration Day,  trading down toward the low of the session.

Instrument - ES, NQ, RTY, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Time Based Entry

Entry - 3:15 pm 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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