S&P 500 Breaks Recent Pre-Memorial Day Pattern

Includes: SPY
by: TickerSense

Are you leaving early today? We analyzed S&P 500 performance the day before the Memorial Day holiday weekend going back to 2000. Not surprisingly it appears that traders head out early to get a start on the three-day weekend.

S&P 500 The Day Before MDW

On average, from noon to close the day before Memorial Day weekend the S&P 500 falls 23 basis points and is negative in 64% of the instances.

S&P 500 The Day Before MDW Table

[Ed. Note: For Friday, May 27, the S&P 500 closed +0.41%. and held an upward trend from noon to close.]