Last hour, last trading day before OPEX

07/15/2021 03:00 PM By Matt Ratliff
Tomorrow is options expiration, let's take a look at what has happened in the final hour ahead of the close the day before the Options Expiration.

Day - Thursday

Opening Gap Direction - Down

Market Status - Consolidating activity today

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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