Will there be a pullback today?

01/11/2021 08:59 AM By Matt Ratliff
The markets are starting the week lower following Friday's 52-week high. Let's see what that has led to historically.

Day - Monday

Opening Gap Direction - Down

Market Status - Some pull back overnight since Friday's new 52 week high.

Instrument - ES, RTY, NQ, YM

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 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. 

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