Will we reach higher prices today?

01/19/2021 02:20 PM By Matt Ratliff
The markets opened strong, tested lower then reversed. Let's see how this pattern has performed historically. 

Day - Tuesday

Opening Gap Direction - Up

Market Status - Sizable Up gap in the AM, pushed lower for a while and now exploring a potential new high.

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 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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