Friday's new high may lead to a softening today

06/14/2021 08:42 AM By Matt Ratliff
The markets put in a doji following a push to highs, let's see what that pattern has led to historically.

Day - Monday

Opening Gap Direction - Up

Market Status - Friday new 52 week high with a DOJI candle

Instrument - ES, NQ, RTY, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Intraday 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.


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