The markets are making new lows following the sizable down gap this morning, let's see what that has led to into the close.
Day - Wednesday
Opening Gap Direction - Down
Market Status - Yesterdays selloff continues today
Instrument - ES, RTY, NQ, YM
Trading SetUp - Time Based Entry
Market Trend - Weak Bull
Trade Type - Long
Entry - 2:30 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.
Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.
Click below to share with your friends or colleagues
