Keep It SimpleSPYman
Week 02 - Index Update
More green things to discuss this week.
6851 -1.64% to break momentum
6414 -7.92% to break trend
You can just close the post here if you like.
If you want to see more of the gubbins and why I use the indicators I have made and not the usual suspects that the nonsense machine tells you to use…
This is my wiggly chart (below) transposed onto daily SPY prices. I cannot make it any simpler than this!
It is all the same chart so I can use all the same data. In the last 1761 trading days SPY has been above “trend” i.e. in green or yellow 83% of days.
We could probably include orange as the distribution is very similar, but we need a transition point.
In 1761 trading days price has never moved directly from Green into Red/Black there is always an intermezzo hangout in Orange.
That’s it!
Simple maths but looking at the data first through a different lens combined with simple decisions.
SimpleSPYman.
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