SimpleSPYman
Week 05 - SPX/SPY Index Update
6890 -0.70% to break momentum
6423 -7.43% to break trend
Will Gold spill over into other markets? Depends who you listen to, obviously gold bugs think gold was telling us something…
Personally I think the last run in Gold/Silver was driven by speculation and mostly from Crypto bros defecting from their roadkill shitcoins. So if it was telling us anything it was screaming “gold is not immune to speculation, it is just like everything else!”
Who knows?
This is my wiggly chart (below in blue) 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.
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Love the simplicty here. That orange transition zone is really clever - basically your early warning system before things go south. I've been watching that 6890 level closley myself, especially with all the gold noise lately. Question tho: in those 1761 days, how long does price typically hang out in orange before either reversing back to green or dropping into red?