Data: When the S&P 500 fell over 3% on Friday, there is a 70% probability of further downside on Monday.
BlockBeats News, June 7th, Crypto Rover released data showing that since 1950, there have been a total of 184 occurrences where the S&P 500 Index fell by over 1.5% on a Friday. Following these instances, the following Monday saw an increase only 54% of the time. When the Friday drop exceeded 3%, the probability of a Monday decline was as high as 70%. With the S&P 500 falling by 2.65% this Friday, it is likely to face continued pressure at Monday's opening.
According to Bitget market data, US tech stocks plummeted last Friday, with the Dow Jones falling by 1.35% and the S&P 500 Index dropping by 2.65%, marking the largest single-day decline since October 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Bank of Japan's interest rate hike still fails to impress the market! Hedge funds slash yen long positions by nearly 80%, while dollar long positions increase significantly
After the Bank of Japan failed to deliver a clear enough signal of further interest rate hikes to the market, hedge funds have significantly reduced their bullish bets on the yen.
US Treasury yields continue to rise! Cleveland Federal Reserve President: Government and AI compete for funds, fueling rate hike expectations
Cleveland Federal Reserve President Loretta Mester stated on Friday that the recent sustained rise in long-term U.S. Treasury yields is the result of multiple factors working together.
Crypto prices
More
