Let's see what has happened on the second trading day of the month when opening weak.
Day - Tuesday
Opening Gap Direction - Down
Market Status - Bull Market
Instrument - ES, NQ, YM, RTY
Trading SetUp - Long
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 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.
Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.