SimpleSPYman - Crossing the Streams
Week 28 - SPX/SPY Index Update
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ALWAYS INVERT!
Where to from here ladies and gents?
Last Friday we had the crazy wick below trend on the close, then opened well above on Monday.
That wick doesn’t exist on the futures chart. When we close out a quarter we start to see some divergence in ES/SPX/SPY especially on the futures side to do with funding and how dividends are calculated.
For another week we remain above the precipice.
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 82% 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.
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