What will be the impact of the GDP report?

02/25/2021 08:55 AM By Matt Ratliff
The GDP report is out today, let's see what has happened historically on this day.  This study was done prior to the report release.  Revisit the parameters after the release of the report.

Day - Thursday

Opening Gap Direction -  Down

Market Status - Trend continues as we get the GDP report

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.

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