A Big Gap Up That Wipes Out A Big Loss Yesterday

Posted on May 20, 2020 by

After closing down more than 1% yesterday, SPY is set to open up enough to erase all of yesterday’s losses. I decided to look back at other times this has happened.

SPY Big Gap Up Erases Yesterdays Loss - Open to Close Results

Not exactly a consistent edge, but I thought the general upside tendency might be worth noting for some intraday traders. Good luck trading today!

Want research like this delivered directly to your inbox on a timely basis? Sign up for the Quantifiable Edges Email List.

How about a free trial to the Quantifiable Edges Gold subscription?