Yesterday, the market traded in a narrow range and the VIX remained below 15. The market seemed to want to go up but there are times when the market waits until the evening session to make its move. I see this scenario in bull markets.
E-mini S&P NightTrader is a strategy designed to capture these moves at night. The strategy signal went long early in the Thursday session on the E-mini S&P but I took the trade and synced up with the strategy last night in a correlated market, the E-mini Nasdaq.
Sentiment seems to think the market should pause here after the run-up off the late December lows. Going long is contrary. E-mini S&P Night Trader had a good trade, hitting its profit target.
I also finished the NinjaTrader 8 version late last night and will send it out to the NinjaTrader 8 subscribers.
Fill out the form for my information or to get access for Tradestation, MultiCharts, and NinjaTrader 8.