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PeterLBrandt

NASDAQ meets criteria for a Factor Weekend Rule signal

Long
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
PeterLBrandt  
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Chart Patterns nasdaq NASDAQ 100 E-MINI FUTURES QQQ
31
2
chartpattern nasdaq nq1! qqq
The Factor Weekend Rule, modified from the Richard Donchian Weekend Rule, specifies that a market making a new annual high, especially a new ATH, coming into a three-day weekend, has a 70% chance of a strong follow through early in the next trading week. The reasoning behind this is that only strong hands will hold and margin a position over a three day period.
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