How will the GDP report impact the market?

10/29/2020 09:07 AM By Matt Ratliff
The GDP report was released this morning, let's take a look at what has happened on GDP report day.
Key Event: GDP report 8:30 am ET
Additional Details: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.

Day - Thursday

Opening Gap Direction - N/A

Market Status - Anticipation of GDP report

Instrument - ES, RTY, NQ, YM

Trading SetUp - Intraday Entry

Market Trend - Weak Bull

Trade Type - Long

Entry - 9:00 am ET (Market Open)

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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Matt Ratliff