SimpleSPYman - Internals Matter
Week 25 - SPX/SPY Index Update
I advise using the app/website as emails are often truncated due to images!
ALWAYS INVERT!
Vol bands have compressed right on schedule. I hope I helped people get through March and why it wasn’t the big crash people wanted it to be..
The bands being closer now means we are closer to the crash actually happening.
Over the paywall I go over why the internals matter.
Have a good week everyone.
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.
KeepItSimpleSubstack
Hot Takes with Hank
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