A bit of afternoon excitement, maybe..

11/19/2020 02:32 PM By Matt Ratliff
This pattern into the close the day before options expiration has often favored the long side, check it out.

Day - Thursday

Opening Gap Direction - Down

Market Status - Consolidating around yesterday's close, Opex tomorrow

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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