Giant down day yesterday, below S3 Pivot Point

09/14/2022 08:24 AM By Matt Ratliff
The markets sold off hard yesterday and closed below the S3 pivot point, here is what has followed historically. 

Day - Wednesday

Opening Gap Direction - Up

Market Status - Bull Market

Instrument - ES, NQ, YM, RTY

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 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.

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Matt Ratliff