All of the Gains in the S&P 500 Index Since the Start of 2006 Are Attributable to Ove

[Dogpile 10]

This is in market profile section because it will relate back to Jerry's series of posts.

 

This chart by Brett Steenbarger shows that in 2007, the S&Ps were a net loser during the pit session and that all of the gains were made in the overnight session.

 

 

I am not saying this is a strategy going forward -- merely pointing out that in 2007, if you were to only do long-side trades of the market, you were fighting an uphill battle and needed good intraday location in order to make money. This fact simply underscores Jerrys posts -- which were in part about finding location relative to that days volume weighted price.