S&P futures are currently up about 5 in overnight trade. If the gain sticks into tomorrow morning and we see an open above
Below are the last 30 times
31 S&P500 components closed in the bottom 10% of their intraday range Wednesday vs. only 6 components that finished in the top 10%.
Friday is triple witching expiration
268 stocks within the S&P500 closed in the top 10% of their daily range Friday, compared with only 3 components that closed in the bottom 10%. That spread of 265 is the second-highest reading this year (the highest topping 300 on August 8th).
A number of longer-term studies have triggered in the last couple of weeks
The S&P is up 4% over the past few weeks
Two separate studies look set to trigger at today’s close.
Good to see