$SPY on 1hour Pullback NOTE:QUAD WITCHING DAY

16 Des 2022

SPY on 1hour Pullback NOTE:QUAD WITCHING DAY

Quadruple (Quad) Witching:
The term quadruple witching refers to the simultaneous expiration four times a year of stock options, index futures , and index futures options derivatives contracts.
The fourth type of contract involved in quadruple witching, single-stock futures , hasn't traded in the U.S. since 2020 and was never a major contributor to equity trading volumes

Today is Quadruple witching day. My indicator shows a incoming downturn for SPY .
"Quadruple witching day is a bearish day, quadruple witching week is bullish , and that the last hour of quadruple watching day is bearish ."
What are your thoughts?

Thanks,
Kelly