Using similar methodology as the last three months, here is October’s daily action:
To recap, I am plotting the median cumulative daily performance of IWM since 2000, SPY since 1990 and SPY since 2000. The first 10 trading days of the month are 1001 – 1010. The last ten trading days of the month are 1011 – 1020. Looking at the graph I would say that there is a upward bias for the first half of the month, and then some choppiness.
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