Dow Jones Industrial Average Forecast: DJIA stays in the green on Quadruple Witching Day

Share:

• June 16 is Quad Witching Day as quarterly and monthly options and futures expire.
• The Dow Jones index should experience higher than average volatility on Quad Witching Day.
• Michigan Consumer Sentiment Index, released on June 16, is expected to be positive.
• DJIA is trading within the 34,250 to 34,600 resistance band.

Friday, June 16, is the day you’ve all been waiting for: Quad Witching Day. Stock index futures, stock index options, stock options, and single-stock futures derivatives contracts all expire at the closing of Friday’s session, so volatility and higher volumes are to be expected. The Dow Jones Industrial Average (DJIA) rebounded on Thursday to close up 1.26%. This was its largest gain since June 2, the large-cap index has been steadily reducing the distance between it and the 1-year high in recent weeks.