Largest Down Gaps In SPY History: Déjà vu All Over Again

| About: SPDR S&P (SPY)

Unfortunately, with the S&P 500 tracking SPY ETF trading down 2.5% once again this morning, we have to revert to yesterday's post (slightly modified) on large down gaps in the market once again:

Below we highlight the largest down gaps in the S&P 500 tracking SPY ETF since 1994. As shown, when gapping down 2.5% or more, the ETF has traded higher 9 out of 10 times for an average gain of 2.70%.

click to enlarge