A quiet day

01/14/2021 03:00 PM By Matt Ratliff
The markets are quietly holding higher prices as we approach the close ahead of options expiration day.

Day - Thursday

Opening Gap Direction - Up

Market Status - Flat overnight followed by a quiet morning of consolidation

Instrument - ES, RTY, NQ, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Times 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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Matt Ratliff