Will the selloff continue toward the close?

11/09/2021 02:12 PM By Matt Ratliff
The markets are weak following a sizable selloff in TSLA, here is what this pattern has led to as we approach the close. 

Day - Tuesday

Opening Gap Direction - Flat

Market Status - Strong Bull Market

Instrument - ES, RTY, NQ, YM

Trading SetUp - Long

Market Trend - 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.


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

Matt Ratliff