QQQJ - S&P 500 1%+ Gaps Higher

2024-05-03 19:20:00 ET

Summary

• The S&P 500 ETF (SPY) gapped up 1% at the open this morning, so we wanted to provide a quick summary of how the ETF has typically traded on days when it gaps up 1%+.
• 1%+ gaps higher on a Friday have been the second most frequent of any weekday with 71, trailing only the 80 1%+ gaps higher on Tuesday.
• SPY has had the best open-to-close performance (+0.50%) after gapping up 1%+ on Wednesdays and the highest consistency of gains (67%).

The S&P 500 ETF ( SPY ) gapped up 1% at the open this morning, so below we wanted to provide a quick summary of how the ETF has typically traded on days when it gaps up 1%+....

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