May not be much of an edge to the close today

11/03/2020 02:32 PM By Matt Ratliff
The markets are slowly pulling back following this mornings ramp higher, let's see what that has led to as we approach the close.  Check the AM post today and compare it to the equity curve developing today.

Day - Tuesday

Opening Gap Direction - Up

Market Status - US President Election, quick push up has quieted 

Instrument - ES, YM, RTY, NQ

Trading SetUp - Time Based Entry

Market Trend - Weak Bull

Trade Type - Long

Entry - 3:00 pm ET 

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