What else do we know about the pattern of equity selling at the open

When does the selling stop

We now have a pattern of equity selling at the open in 8 of the past 10 trading days.

The next question to ask is, when does the selling stop? There’s also a clear pattern of roughly when the dip buyers return.

Time of the daily lows since Sept 3, on days of heavy selling at the open:

  • Sept 3: 10 am
  • Sept 7: 10:20 am
  • Sept 8: 11 am
  • Sept 9: No heavy initial selling
  • Sept 10: Noon initially (followed by heavy selling and new lows into the close)
  • Sept 13: Steady selling all day but with interim lows at 10:20, 11:20 and 3:10 pm before a bounce into the close
  • Sept 14: interim low at 10:50 am ET followed by selling in the second half of the day
  • Sept 15: No heavy initial selling
  • Sept 16: 11 am
  • Today: ?

There’s certainly not a perfect pattern there but between now and the European close is a better time to be buying risk assets than selling them.

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