SimpleSPYman - Don't Stress
Week 22 - SPX/SPY Index Update
I advise using the app/website as emails are often truncated due to images!
ALWAYS INVERT!
Just like that April doesn’t exist.
Spy is above trend do above trend type things. Do not be a hero calling a top because as you see below it doesn’t work 91.48% of the time.
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.
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