What might happen ahead of MLK day

01/14/2022 01:23 PM By Matt Ratliff
The markets are closed on Monday for MLK day, here is what has happened going into the close ahead of MLK day.

Day - Friday

Opening Gap Direction -Flat

Market Status - Bull Market

Instrument - ES, RTY, NQ, YM

Trading SetUp - Long

Market Trend - Weak Bull

Trade Type - Time Based Entry

Entry - 3:00 pm ET

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.

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