Mar. 5 at 12:44 PM
$BMNR $BTC.X
$SPY $NDAQ The SPX reached the 20-day moving average and stopped there. Combined with a large amount of call gamma around the 6,900 level, it may make it more difficult for the S&P 500 to rally for a second day today.S&P 500-Daily Chart
Today is also a Treasury settlement day, with about
$13.1 billion due to settle. The S&P 500 has risen on only 12 of the last 34 settlement dates, or about 35% of the time. On average, the index falls by about 41 basis points on those days. When it does rise, the gain averages only about 39 basis points; however, when it falls, the decline averages roughly 84 basis points, resulting in a cumulative drop of about 13%.