Looking back at history, the last day of the month, even when showing a strong trend, leans toward a Bearish result, with a projected close below the open print. Win Rates for Futures Indices are weak, around 40%. Both T-scores and Average Trade Amounts have negative values disfavoring a Long strategy. See the set up below and watch the video.
Opening Gap Direction - UP
Market Status - A strong day yesterday boosted by some earning reports leading to an Up Gap this morning on the last trading day of the month.
Instrument - ES, NQ, YM, RTY
Trading SetUp - Intraday Open
Market Trend - Above the 200 Day Moving Average (200MA) and above the 10 Day Moving Average (10MA)
Trade Type - Long
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)