Trading higher this morning

05/23/2022 09:10 AM By Matt Ratliff
The markets were bearish last week and are trading higher this morning, let's see what has followed that.

Day - Monday

Opening Gap Direction - Up

Market Status - Weak 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.Dow

Click below to share with your friends or colleagues

Matt Ratliff