😱. WARNING we posted a Outside UP month in the NDX100

PRO TRADER: Hey, newbie! We posted an Outside Up Month on the NDX100, did you see?

NEWBIE: What is an Outside Up Month (OUM)?

PRO TRADER: It is a month where you get higher high, lower low and a close higher than the close of the previous month. It is a sign of strong momentum.

NEWBIE: Thanks, Pro Trader. How can I make money out of this?

PRO TRADER: Well it is not a signal but if you backtest it you will see that after the times the NDX100 has make an OUM
the stock market has traded higher in the next 8 months 91.3% of the times!!!

NEWBIE: Wow!

PRO TRADER: Also if you compare the gain after the times we get a OUM to those without OUM, you see 50% larger gains - so a bet to upside seems to pack a punch!

NEWBIE: Thank you, Pro! I will make sure I use the info!