S&P Bat Pattern & Memorial day
Looks like we are closing on a bat pattern (I agree it's a bit border line...)
Over the past 50 years, S&P declines on average 4.7% over the 2 days preceding Memorial day.
I expect traders to lock in gains today and avoid any risk on what could happen on Monday.
It might confirm the pattern.
Next week will coincide also with 2 weeks post re-opening and I wouldn't be surprise to see a surge in reported cases which might drive the market further down
Over the past 50 years, S&P declines on average 4.7% over the 2 days preceding Memorial day.
I expect traders to lock in gains today and avoid any risk on what could happen on Monday.
It might confirm the pattern.
Next week will coincide also with 2 weeks post re-opening and I wouldn't be surprise to see a surge in reported cases which might drive the market further down
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.