We are approaching options expiration day, here is a quick study looking at what has happened the day before opex.
Day - Thursday
Opening Gap Direction - Down
Market Status - Quiet small range
Instrument - ES, RTY, NQ, YM
Trading SetUp - Long
Market Trend - Bull
Trade Type - Intraday Entry
Entry - 9:30 pm 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.
Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.