This pattern on the first trading day of the month has favored higher prices in recent years. Some Traders edge may be slipping..
Day - Tuesday
Opening Gap Direction - Up
Market Status - Mix responses across the Indices, but pushing higher
Instrument - ES, RTY, NQ, YM
Trading SetUp - Time Based Entry
Market Trend - Still in a Bullish trend.
Trade Type - Long
Entry - 3:15 am ET (Last 60 Minutes)
Exit - 4:15 pm ET (Market Close)
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