Micro E-mini S&P 500 Index Futures
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The overnight gap up on $SPY

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The majority of the move in SPY since 1993 has been in the overnight session.

In a trending bull market, and making new highs, this gap trade becomes more common.

But it doesn’t happen every day

We bought the close on Friday, looking to close out early near the open on Monday

Theres countless papers on this edge, heres one about the overnight drift

papers.ssrn.com/sol3/papers.cfm?abstract_id=3546173

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