Yesterday's pattern has often favored a retrace to the prior close the following session, check it out.
Day - Thursday
Opening Gap Direction - Up
Market Status - New highs yesterday and overnight is pushing even higher
Instrument - ES, RTY, NQ, YM
Trading SetUp - Short, Gap fade
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 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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