SimpleSPYman
Week 04 - SPX/SPY Index Update
6895 -0.28% to break momentum
6422 -7.13% to break trend
It’s still green we just need to pay attention.
If you are a short term orientated person perhaps you can think about puts.
If you are a long term investor trying to miss the big hits well SPX has to go down -7% before it can be down -20%.
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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