SPX Edge Analysis Dashboard

Pattern, regime, and projection-based edges in S&P 500 cash index price action — 2020-01-02 to 2026-04-29

Total tests run
Statistically meaningful edges
1,589
Daily bars analysed
121,981
5-min bars analysed
12
Edge families

Headline edges

  • Trend-regime is the strongest single filter. Above 20-DMA: +0.26% mean C2C, 62% win, n=1056 (p<10⁻⁸). Below 20-DMA: −0.35% mean, 39% win, n=532.
  • Big gap-up days (>0.5%) continue. 64% close above open, +0.32% mean (n=200, p<0.001). Big gap-downs continue too: 42% win, −0.33% mean.
  • Strong-trend × DOW. Friday in StrongUp regime: 63% win, +0.20% O2C (n=158). Monday in StrongUp: 67% win, +0.165% (n=153).
  • Long-side ORB has an edge; short-side does not. 15-min ORB long: 57.2% win, +0.05% per trade, n=797 (p<10⁻⁴). Short ORB returns ≈ zero — consistent with bull-biased period.
  • First-hour direction predicts rest of day. When FH closes up, ROD mean +0.07%, win 53%. When FH closes down, ROD mean −0.09%, win 49%.
  • Prior day high/low are magnetic. 91% of days touch either PDH or PDL; only 8.8% form a true inside-of-prior-range day; 10% reach both extremes.
  • Asymmetric mean reversion at the tails. After single-day rallies >2%, next-day mean −0.69%, 41% win (n=56, p=0.04). After single-day drops >2%, mean +0.44%, 54% win (n=66, p=0.21 — directional but not significant). Big up-days reverse more reliably than big down-days in this sample.

Top 30 edges by quality score

Composite of statistical significance, sample size, and effect magnitude.

Mean O2C return by Day of Week

Mean C2C return by Month

Win rate by SMA regime

Mean O2C by Gap class

Open-to-Close return by DOW

Intraday-only edge by day of week.

Close-to-Close return by DOW

Full-day edge including overnight gap.

Overnight return by DOW

Overnight = prior close to today's open.

Range / abs(return) by DOW

DOW × Regime — intraday edge heatmap

Win rate by month

Mean C2C by month

Turn-of-Month effect

First 3 + last 3 trading days of each month vs middle of month.

O2C return by gap class

Gap fill rate

Probability of touching PDH / PDL by gap

Time of high/low by gap class

Mean C2C by SMA regime

Mean Next C2C by Combined Regime

Mean C2C by RV20 quartile

Open vs Prior-day Range → O2C

Streak length → next-day mean C2C

Negative streak = N down days, positive = N up days.

Day-after-move (decile)

3-day pattern → next day

Close strength bucket → next day

Opening Range Breakout — first-break strategy (long vs short)

Place buy-stop at OR high and sell-stop at OR low; first to trigger is the trade. Hold to EOD close.

OR class → rest-of-day return

Where OR closes within OR range (top third = bullish, bottom third = bearish, middle = neutral).

ORB strategy details

First hour direction → rest-of-day

First-hour magnitude (quintile) → ROD

Mean return by 30-min bucket (intraday)

Time of HOD vs LOD

Distribution of when daily high and daily low form.

FH × LH cross-tab

Midday return given first-hour direction

Post-midday return given midday direction

Prior-day-range level touch probability

If you split prior day's range PDL → 25% → mid → 75% → PDH, how often does today's intraday range hit each level?

Touch rates conditional on gap

Range expansion distribution (today vs prior)

Prior-range decile → today's range ratio

After tiny prior days, today is usually larger; after huge days, today contracts.

NR7 / WR7 / Inside / Outside → next day

Prior-range extension touch rates

Camarilla H3/L3/H4/L4 touches

Static % bands — % of days fully inside the band vs breached

Useful for sizing 0DTE strangles / iron condors at expiry. Only 4% of days fully stay inside ±0.3% of prior close; 18% inside ±0.5%; 53% inside ±1%; 74% inside ±1.5%. (Path-touch risk during the day is higher.)

Composite-score → next-day return

Score sums {gap dir, prior C2C dir, regime, close-strength, DOW heuristic} → range −5..+5. Reading: even with a 5-factor score, the day-after relationship is mildly mean-reverting.

DOW × Gap class — intraday O2C

DOW × prior-day close strength → C2C

Gap × Regime → O2C

DOW × prior-day direction → C2C

All edges — searchable

Filter by family, condition, or numerical range. Sortable. n ≥ 50 edges shown by default; click "Show all" to include small samples.