This Friday is expiry. Usually the big moves are done by Wednesday, and then just pumps and dumps on Thursday and Friday to shake out weak hands.
But methinks we get more downside here, into Friday, to burn bulls. And then the Santa rally. I was going to do this study, and then saw someone else already did, yeah! Here it is.
http://www.cxoadvisory.com/4390/calendar-effects/stock-returns-around-christmas/?utm_source=mcverryreport.com
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Insightful and Useful Comment!