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S&P 500 — US500 Seasonality & Best Time to Trade

When S&P 500 — US500 is most volatile and how it has moved by month and weekday, measured from daily candles across broker feeds.

By day of week

DayAvg daily rangeAvg return
Mon1.21%0.214%
Tue1.51%-0.064%
Wed1.57%-0.067%
Thu1.65%0.011%
Fri1.63%0.074%
Monthly figures below are based on limited history (n=2 per month) — directional, not a strong seasonal signal. Day-of-week is well-sampled.

By month

MonthAvg daily rangeAvg returnYears
Jan1.33%5.02%1
Feb1.31%-4.32%1
Mar1.70%3.97%1
Apr0.90%1.49%1
May1.02%0.56%1
Jun0.86%5.19%1
Jul0.71%3.20%1
Aug1.25%-2.67%2
Sep1.50%-7.14%2
Oct1.78%2.53%2
Nov1.25%6.74%2
Dec1.56%-3.16%2
Range = average high−low as % of price; return = average change over the period. Real measured market behaviour of the instrument, straight from broker price feeds.
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