🔻🔺 Split End Of Month Trading In Risk: Cable FX Macro
- Rosbel Durán
- Sep 26, 2022
- 1 min read
Looking back at 1-yr history of end of month trading, the S&P 500 headed red into end of month in half of our sample
Noticed a 50/50 Extensions/Reversals during the last 5-days of trading
In the 6 negative performing months, 3 extended from range and 3 reversed from where the index was heading into end of month
We noted only two occasions during the last year when the S&P 500 traded lower by more than 7% heading into EoM, those were January and May 2022
These two instances saw equities rebound by more than 2% during the last 5-days of trading
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