Price Follows News or News Follows Price? SimpleSPYman

Week 12 - SPX/SPY Index Update

6714 +3.19% to regain momentum

6442 -0.98% to break trend

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.