Strength or no Strength, that is the question.

02/19/2021 09:40 AM By Matt Ratliff
Today is options expiration day and the markets are seeing strength ahead of the open, should we expect more strength? Let's find out.

Day - Friday

Opening Gap Direction -  Up

Market Status - Options Expiration Day

Instrument - ES, NQ, RTY, 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 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.


Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.

Sign Up for the DailyiQ
Click below to share with your friends or colleagues