Taking Advantage of Gaps and News --Trading Market Open
One of the most consistent factors affecting the market, particularly market open, throughout 2019 has been the impact of overnight news. We see it, again and again. During the overnight session, suddenly the trade war with China will escalate (or de-escalate), data will come out pertaining to the economy, or earnings has an impact on overall market sentiment, and suddenly we are facing a gap. These are events we can't predict, but they provide a great trading opportunity first thing in the morning. During this session, I will teach you how I read market internals and sentiment after a gap up or down in the market, and trade it with index futures. This is my favorite futures trade in the current market environment.