As a day trader it an be frustrating to wake up ready to trade the markets, make your way over to your quote monitor and trading setup, only to see the S&P futures up 30 points and then watch a narrow market the rest of the day. It can make you feel robbed of any trading opportunities for that day.
This trading strategy is there to take advantage of those night time moves and provide you with diversity in your trading. This strategy is in the stock index portfolio and has a historical winning percentage of 80%.
Just last night on August 19, 2019, this strategy captured 14 points.