Market Measures - September 14, 2020 - Smaller Intraday Reversals

published 1 week ago by tastytrade, Inc.

On any random day over 20 years, the chance of a 0.5% or greater move and a reversal same day (in either direction) is 20%. Since the chance of a +/- 0.5% close is 52%, and the chance of a +/- 0.5% move and reversal that same day is 20%, then on an...

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