did open down 35 cents approx friday so you are saying the adj is done that day only and the following day the price is as shown no further adj needed? what you are saying makes sense ... thanks for your time
From my observations, the adjustment is already reflected in the open on the ex-dividend day. But this brings me back to an earlier question I posed in this thread: if the S&P futures and cash were to open flat that day, and SPY now gaps down because it is ex-dividend, how should I best account for this technically in Fibonacci retracements, pivot point calculations, price changes from prior highs and low, etc., for SPY?