Indice S&P 500Short
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
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