Second Gap

Copyright reminder: The following research note is intended solely for the use of subscribers. Redistribution in whole or in part is strictly prohibited

For the second time in three days, SPY posted an unfilled upside gap. Since 1990, there have only been eleven occurrences of two upside gaps during monthly options expiration week. In every case, stocks were flat or higher two weeks later and max drawdown was limited to 1.3% (suggesting the latest gap will remain unfilled through month-end)…

Copyright 2024 Yang Market Research - All Rights Reserved