The overnight gap up on $SPY
The majority of the move in 
SPY since 1993 has been in the overnight session.
In a trending bull market, and making new highs, this gap trade becomes more common.
But it doesn’t happen every day
We bought the close on Friday, looking to close out early near the open on Monday
Theres countless papers on this edge, heres one about the overnight drift
papers.ssrn.com/sol3/papers.cfm?abstract_id=3546173
SPY since 1993 has been in the overnight session.In a trending bull market, and making new highs, this gap trade becomes more common.
But it doesn’t happen every day
We bought the close on Friday, looking to close out early near the open on Monday
Theres countless papers on this edge, heres one about the overnight drift
papers.ssrn.com/sol3/papers.cfm?abstract_id=3546173
I write a newsletter about edges in financial markets…and life. Traders responsible for 9+ figures in daily transactions read it and you should too. Former USMC. pollinatetrading.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I write a newsletter about edges in financial markets…and life. Traders responsible for 9+ figures in daily transactions read it and you should too. Former USMC. pollinatetrading.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.