Intraday High and Low in the S&P 500 by Weekday – Analyzing Weekly Patterns
In a previous article, I wrote about when SPY sets a high/low. But is there any difference separated by weekday? Here is the number from January 2010 until the 1st of August 2012:
| #Number | High | Low | High | Low | |
| of days | First hour | First hour | Last hour | Last hour | |
| Monday | 119 | 44 | 43 | 29 | 29 |
| Tuesday | 135 | 37 | 64 | 45 | 29 |
| Wednesday | 133 | 38 | 50 | 35 | 29 |
| Thursday | 132 | 44 | 50 | 44 | 25 |
| Friday | 130 | 50 | 59 | 34 | 25 |
Tuesday is a good day for longs, as I’ve already written. Apart from that, I can’t see more to comment on this. I can’t find much to extract from these numbers, but nice to know.
FAQ:
– Is there any difference in SPY’s performance based on the weekday?
The analysis covers the period from January 2010 to August 2012 and examines the number of days, high, and low points for SPY in both the first and last hours of trading.
– Which weekday appears to be favorable for long positions in SPY?
According to the data, Tuesday seems to be a good day for long positions in SPY. The analysis reveals variations in SPY’s performance throughout the week.
– Are there any significant differences in SPY’s performance based on the weekday during the first hour of trading?
The data indicates variations in SPY’s performance during the first hour of trading based on different weekdays. Some weekdays show a higher number of highs, while others exhibit more lows.
