Weekend selloff

There is an idea floating around that weekends tend to have a drop in price.

The idea behind this is that traders prefer to liquidate their holdings before the weekend so they aren't holding at a time they aren't looking at the market.

This is also the same for long weekends and public holidays.

Now depending on the market cycle this can be more evident at certain times.

Looking at the previous time we had a weekend at the current market cycle we had a substantial drop.

This leads me to feel that another drop is highly likely before Monday.